Robert Bhat Of Marcus & Millichap Capital Corporation Secures $23.6M Acquisition Loan

The loan amount of $23,625,000 was facilitated by Marcus & Millichap Capital Corporation for the acquisition of Lakeview Health, a single-tenant triple-net leased medical facility located at 1900 Corporate Square Boulevard in Jacksonville. The property, positioned in Jacksonville's rapidly expanding medical ecosystem, is nationally recognized for its medical rehab and eating disorder services. The financing was overseen by Robert Bhat, the senior managing director in MMCC’s Miami office. The loan terms included a 75% loan-to-value ratio amortized over 30 years, reflecting the strong cash flow and long-term lease of the property.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $23,625,000
• Address: 1900 Corporate Square Boulevard
• Market: Jacksonville
• Loan Type: Acquisition Loan
• Loan Terms: 75% loan-to-value amortized over 30 years

Robert Bhat from Marcus & Millichap Capital Corporation played a pivotal role in the financing of Lakeview Health in Jacksonville. He serves as the senior managing director in MMCC’s Miami office, providing expertise and guidance in securing the loan for the acquisition of the medical facility.