Cerberus Capital Management Provides $120M Refinance Loan For Medical Office Portfolio In Florida

A medical office portfolio with a total area of 764,883 square feet located primarily in Florida has been refinanced. The loan amount for this transaction is $120,000,000. The lender in this deal is Cerberus Capital Management, represented by Neha Santiago. The landlord is ShareMD Holdings, represented by John Bardis. Faisal Ashraf from Lotus Capital Partners acted as the capital advisor.

Summary of transaction details

• Property Type: Medical Office Portfolio
• Transaction Amount: $120,000,000
• Market: Florida
• Lender: Cerberus Capital Management - Neha Santiago
• Landlord: ShareMD Holdings - John Bardis
• Capital Advisor: Faisal Ashraf - Lotus Capital Partners

Lotus Capital Partners arranged a 5-year transitional loan of approximately $66 million provided by Cerberus Capital Management to finance a 7-property portfolio primarily located in Florida. Additionally, they facilitated a refinancing of approximately $53 million for a 400,000+ square foot office building in the Jacksonville MSA area with an existing lender.