The Onicx Group Secures $20.7 Million Refinance From Lake Michigan Credit Union For Miami Medical Office

The Mercy Medical Arts building is a medical office asset located at 3683 South Miami Avenue in Miami, featuring a total square footage of 104,238 and occupying 31.7 acres. The property is currently 65% leased and was previously financed with a $20 million construction loan from Centennial Bank in 2015.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $20,700,000
• Lender: Lake Michigan Credit Union
• Landlord: The Onicx Group
• Brokers: Chris Meyer, Mike Cerny & Sabrina Solomiany - Berkadia
• Loan Type: Refinance
• Date of Transaction: 08/26/2024

The Onicx Group successfully secured refinancing through Lake Michigan Credit Union, with representation from the Berkadia team, consisting of Chris Meyer, Mike Cerny, and Sabrina Solomiany, highlighting the collaborative efforts in facilitating this financial deal.