{"id":1004164053,"date":"2017-01-16T09:24:53","date_gmt":"2017-01-16T17:24:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164053"},"modified":"2022-12-08T13:57:39","modified_gmt":"2022-12-08T21:57:39","slug":"florida-medical-office-complex-lands-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/florida-medical-office-complex-lands-financing\/","title":{"rendered":"Florida Medical Office Complex Lands Financing"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004164065\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004164065\" data-attachment-id=\"1004164065\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/florida-medical-office-complex-lands-financing\/jacksonville-medical-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Jacksonville Medical Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jacksonville Medical Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg?w=640\" class=\"wp-image-1004164065 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg\" alt=\"Jacksonville Medical Plaza\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Jacksonville-Medical-Plaza.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004164065\" class=\"wp-caption-text\">Jacksonville Medical Plaza<\/p><\/div>\n<p><strong>Jacksonville, Fla.<\/strong>\u2014The Hartford office of Tremont Realty Capital, a division of The RMR Group LLC, has secured an approximately $16.3 million refinancing loan for Jacksonville Medical Plaza in Jacksonville, Fla. Located at 3901 University Blvd. South, the 1974-built, 132,488-square-foot medical office complex offers three, one-story buildings and 433 parking spaces, according to <em>Yardi Matrix<\/em>.<\/p>\n<p>The non-recourse, CMBS financing represented 75 percent of the property&#8217;s appraised value and has a 10-year fixed annual interest rate of 5.26 percent and a 30-year amortization schedule.<\/p>\n<p>&#8220;Through our extensive network, we identified a capital provider that understood Jacksonville Medical Plaza&#8217;s situation\u2014with its complex borrower structure and existing ground lease\u2014and structured a long-term loan with a long fixed interest rate period to refinance the property&#8217;s maturing bank debt,&#8221; Stephen Henderson, director of Capital Markets for Tremont, said in prepared remarks. &#8220;The financing transaction underscores Tremont Realty Capital&#8217;s position at the nexus between borrowers and lenders, providing well executed and timely solutions across a range of property types, funding scenarios and geographies.&#8221;<\/p>\n<p><em>Image courtesy of Yardi Matri<\/em>x<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CMBS loan secured by Tremont Realty Capital represents 75 percent of the property&#8217;s appraised value. <\/p>\n","protected":false},"author":746,"featured_media":1004164065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1591,21754,21742],"tags":[33444,33461,32785],"class_list":["post-1004164053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-jacksonville","category-medical-office","category-latest","tag-jacksonville-submarket","tag-the-rmr-group","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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