First Citizens Bank Provides $29M Refinance Loan To Onicx Group For Florida Medical Office Buildings

The First Citizens Bank's Healthcare Finance division has provided a $29 million loan to the Onicx Group for the purpose of refinancing two medical office buildings in Florida. These buildings are strategically located near major healthcare facilities, adding value to their potential. The loan will enable Onicx Group, a specialist in healthcare real estate, to further its growth objectives in the industry.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $29,000,000
• Lender: First Citizens Bank - CIT Healthcare Finance - William Douglas & Steve Reedy
• Landlord: Onicx Group - Dhvanit Patel
• Address: 9330 FL-54 & 325 Cypress Parkway
• Market: Trinity & Poinciana

First Citizens Bank's Healthcare Finance division praised Onicx Group for its expertise in managing top-tier medical properties. This indicates the high level of skill and experience possessed by the company. As a result of this refinancing loan, Onicx Group will be able to continue its effective management of healthcare real estate assets, driving its growth and success in the industry.