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Florida & Gulf Coast  + Central Florida  + Healthcare  |  September 22, 2023
First Citizens Banks lends $29 M for two Florida MOB's
Mike Boyd
By: Mike Boyd

Onicx Group Secures $29M Refi for Two C. Florida MOBs

Onicx Group has secured a $29 million refinancing loan for two medical office buildings totaling 132,000 square feet in Trinityir and Kissimmee. First Citizens Bank‘s Healthcare Finance business, part of the CIT division, provided the loan.

Both medical offices were subject to previous financing in 2020. Trinity Medical Arts Building received a five-year, $21.8 million cash-out refinancing from ServisFirst Bank, while Poinciana Medical Arts Building was subject to a $7.9 million loan, due in 2025, originated by Ameris Bank, CommercialEdge data shows.

The properties are part of Florida Trinity Hospital and Poinciana Hospital campuses. The 90,000-square-foot Trinity Medical Arts Building came online in 2011. Delivered in 2013, the Poinciana Medical Arts Building encompasses 42,000 square feet on 10.2 acres.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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  • ◦Financing