{"id":1004186091,"date":"2017-08-07T04:28:13","date_gmt":"2017-08-07T12:28:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186091"},"modified":"2022-12-09T00:04:18","modified_gmt":"2022-12-09T08:04:18","slug":"miami-metro-mob-lands-31m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-metro-mob-lands-31m-loan\/","title":{"rendered":"Miami Metro MOB Lands $31M Loan"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004186092\" style=\"width: 350px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004186092\" data-attachment-id=\"1004186092\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miami-metro-mob-lands-31m-loan\/ge-medical\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg?w=400\" class=\"wp-image-1004186092 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg\" alt=\"Jupiter Medical &amp; Technology Park\" width=\"340\" height=\"264\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/GE-medical.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 340px) 100vw, 340px\" \/><\/a><p id=\"caption-attachment-1004186092\" class=\"wp-caption-text\">Jupiter Medical &amp; Technology Park<\/p><\/div>\n<p>Berkadia\u00a0arranged a\u00a0$31 million\u00a0bridge loan on behalf of Biscayne Atlantic for Jupiter Medical &amp; Technology Park, a <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-area-aventura-medical-tower-tops-out\/\">medical office building<\/a> and research facility located in Jupiter, Fla. The company arranged for a three-year, floating rate bridge loan at a competitive interest rate, provided by Silverpeak Argentic.\u00a0<\/p>\n<p>Berkadia\u2019s Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the\u00a0loan.\u00a0<\/p>\n<h2>Former GE Location<\/h2>\n<p>Located at\u00a01701 Military Trail, the 186,000-square-foot Jupiter Medical &amp; Technology Park was built in 1990. Tenants include\u00a0Florida Turbine Technologies and Jupiter Medical Center. The largest tenant, GE Medical Systems, consolidated to a market outside of Florida. The property is located between Old Dixie Highway and Interstate 95, at the center of Jupiter\u2019s life sciences research sector.<\/p>\n<p><em>&#8220;The borrower acquired the property in 2014, leased up the vacant space and succeeded in getting entitlements for a large amount of land which had value separate and apart from the building,&#8221;<\/em>\u00a0said Foschini, in prepared remarks.<\/p>\n<p><em>Image courtesy of Berkadia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkadia arranged for a three-year, floating rate bridge loan provided by Silverpeak Argentic, for the 186,000-square-foot Jupiter Medical &amp; Technology Park.<\/p>\n","protected":false},"author":746,"featured_media":1004186092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21754,1492,21742],"tags":[32894,37103,33649],"class_list":["post-1004186091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-medical-office","category-miami","category-latest","tag-berkadia","tag-charles-foschini","tag-general-electric"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami Metro MOB Lands $31M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/miami-metro-mob-lands-31m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Metro MOB Lands $31M Loan\" \/>\n<meta property=\"og:description\" content=\"Berkadia arranged for a three-year, floating rate bridge loan provided by Silverpeak Argentic, for the 186,000-square-foot Jupiter Medical &amp; 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