First citizens bank provides $50.3 million financing for recapitalization of medical office building portfolio

New york , feb. 21, 2023 /prnewswire/ -- first citizens bank today announced that its healthcare finance group, part of the cit division, provided $50.3 million in financing to montecito medical real estate to recapitalize a portfolio of medical office buildings. the portfolio consists of an aggregate of 200,000 rentable square feet across seven off-campus medical office buildings located in florida, illinois and pennsylvania.
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