First citizens bank provides $50.3 million to refinance the medical pavilion at white oak on the campus of adventist white oak medical center

New york , july 31, 2023 /prnewswire/ -- first citizens bank today announced that its healthcare finance business, part of the cit division, provided a $50.3 million loan to a joint venture led by rethink healthcare real estate to refinance the medical pavilion at white oak, an on campus medical office building located adjacent to the adventist white oak medical center in silver spring, maryland. opened in 2019, the medical center is located approximately seven miles northeast from washington d.c.
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