$26.6M Recap, Financing for 6-Property MOB Portfolio in FL, NC
A six-property medical office building portfolio totaling 68,000 square feet in Florida and North Carolina were recapitalized and financed for $26.6 million. HFF marketed the portfolio on behalf of Catalyst HRE and procured the investor, Charter Realty Group. Additionally, working on behalf of the new venture, HFF placed fixed-rate senior financing through Capital One.
The 100%-leased portfolio comprises four radiation oncology treatment centers operated by Robert Boissoneault Oncology Institute in the Florida markets of Lecanto, Ocala and The Villages; the Eastern Regional Surgical Center in Wilson, NC; and the Florida Diagnostic Imaging Medical Office Building in Panama City, FL.
HFF’s investment advisory team included Anthony Frogameni, Ben Appel and Matt DiCesare. Their efforts were supported by HFF’s national medical office building team comprising Evan Kovac, Andrew Milne and Zack Drozda. HFF’s debt placement team included Michael George and Charley Dickenson.
For comments, questions or concerns, please contact Dennis Kaiser