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CIT Arranges $15.9MM Financing for Medical Office Buildings

April 15, 2021, 07:09 AM
Filed Under: Real Estate

CIT Group's Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, Colorado.

The buildings, known as Arapahoe Medical Plaza I and II, are located on the campus of Littleton Adventist Hospital and comprise more than 98,700 square feet of space. The borrower is a venture led by an affiliate of Seavest Healthcare Properties.

“Our adjoining medical office buildings provide convenient, modern space for medical practices providing a wide range of healthcare services,” said John Winer, Senior Managing Director & CIO of Seavest Healthcare Properties. “CIT’s expertise was evident and helpful as we looked to finance these properties.”

“Seavest Healthcare Properties is recognized throughout the industry as a deeply experienced investor in high-quality medical office buildings,” said William Douglass, managing director and group head for CIT’s Healthcare Finance business. “We were pleased to work with Seavest once again to support their financing needs for these properties.”

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