Onicx Group has successfully obtained a $29 million refinancing loan for two medical office buildings located in Trinity and Kissimmee, Florida. The financing was provided by First Citizens Bank’s Healthcare Finance business, which is part of the CIT division.
These two properties were previously financed in 2020. The Trinity Medical Arts Building received a five-year cash-out refinancing worth $21.8 million from ServisFirst Bank, while the Poinciana Medical Arts Building had a $7.9 million loan originated by Ameris Bank with a maturity date set for 2025 according to data from CommercialEdge.
The medical offices are situated within the Florida Trinity Hospital and Poinciana Hospital campuses respectively. One of them spans over an area of 90,000 square feet and was completed in 2011 while the other one covers an area of 42,000 square feet on a total land parcel measuring at approximately10 acres that came online back in 2013.
This successful refinance deal marks another milestone achieved by Onicx Group as they continue to expand their presence within Central Florida’s thriving healthcare market.
