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Medical Office Portfolio

Kwasi Benneh Of Morgan Stanley Secures $327M Refinance Loan For Medical Office Portfolio In Boynton Beach
FINANCEDOffice

Kwasi Benneh Of Morgan Stanley Secures $327M Refinance Loan For Medical Office Portfolio In Boynton Beach

$327,000,000

$233/SF

Building Size

1,400,000 SF

Asset Type

Office

Closing

Sep 22, 2025

AI

The Medical Office Portfolio located in Boynton Beach, FL encompasses an impressive 1,400,000 square feet of medical office space. A refinance loan of $327,000,000 has been secured for this asset.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $327,000,000
  • Lender: Kwasi Benneh - Morgan Stanley
  • Lender: Debbie Harmon - Artemis
  • Landlord: Fawaz Al-Mubaraki - Wafra
  • Landlord: Shankh Mitra - Welltower
  • Landlord's Representative: Jordan Roeschlaub - Newmark
  • Landlord's Representative: Nick Scribani - Newmark
  • Landlord's Representative: John Caraviello - Newmark
  • Loan Type: Refinance

This transaction involved key players such as Fawaz Al-Mubaraki and Shankh Mitra representing the landlords, while Jordan Roeschlaub, Nick Scribani, and John Caraviello acted as the landlord's representatives in the deal.

Players

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
Morgan Stanley
Morgan Stanley Lender

Shankh Mitra

Landlord

$2.3B

vol

16 deals

Landlord

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93