First Citizens Bank Finances Baptist Health Center In South Miami For $58.4M

Anchored by Ben Ochs, the development site located in South Miami spans 2.4 acres and includes properties at 6201 Southwest 72nd Street, 6233 Southwest 72nd Street, and 7150 Southwest 62nd Avenue. The $58.4 million construction loan secured from First Citizens Bank is allocated for the construction of a 97,000-square-foot, three-story building. This property will be the site of a Baptist Health rehabilitation center, a collaborative effort between Baptist Health South Florida and Lifepoint Health. The facility will feature a 92-bed setup specializing in inpatient care for physical and cognitive medical conditions.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $58,400,000
• Market: South Miami
• Loan Type: Construction Loan
• Landlord: Ben Ochs - Anchor Health Properties

The financing for this project was provided by First Citizens Bank & Trust Company. The Baptist Health rehabilitation center, once completed, will deliver specialized medical care without emergency department or operating rooms. The joint venture involved in this project promises to offer high-quality, comprehensive care within the South Miami region.