{"id":1004548134,"date":"2021-01-22T07:52:00","date_gmt":"2021-01-22T15:52:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004548134"},"modified":"2022-12-08T04:25:36","modified_gmt":"2022-12-08T12:25:36","slug":"onicx-development-lands-22m-refi-for-tampa-area-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/onicx-development-lands-22m-refi-for-tampa-area-mob\/","title":{"rendered":"Onicx Development Lands $22M Refi for Tampa-Area MOB"},"content":{"rendered":"<div id=\"attachment_1004548135\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004548135\" data-attachment-id=\"1004548135\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/onicx-development-lands-22m-refi-for-tampa-area-mob\/trinity-medical-arts-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg\" data-orig-size=\"1000,750\" 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;0&quot;}\" data-image-title=\"Trinity Medical Arts Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Trinity Medical Arts Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg?w=1000\" class=\"wp-image-1004548135 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Trinity-Medical-Arts-Building.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004548135\" class=\"wp-caption-text\">Trinity Medical Arts Building<\/p><\/div>\n<p>Onicx Development has received $21.8 million in cash-out refinancing for Trinity Medical Arts Building, an 86,770-square foot property in the Tampa suburb of Trinity, Fla.<\/p>\n<p>Working on behalf of the borrower, Berkadia secured the fixed rate, five-year loan originated by ServisFirst Bank at an 80 percent loan-to-value ratio.<\/p>\n<p>Onicx developed the four-story building in 2012 at 9332 State Road 54, within the 55-acre Medical Center of Trinity campus. The Class A property features 23,000-square-foot floorplates and a parking ratio of 6 spaces per 1,000 square feet, according to CommercialEdge. The tenant roster includes a women\u2019s diagnostic center, an outpatient surgery center, a dialysis center and a children\u2019s learning academy, as well as physician\u2019s offices.<\/p>\n<p>Trinity Medical Arts Building is roughly 3 miles northeast of downtown Trinity and 31 miles northwest of downtown Tampa, where a <a href=\"https:\/\/www.cpexecutive.com\/post\/florida-cancer-center-starts-400m-expansion\/\">10-story, 498,000-square-foot hospital<\/a>\u00a0has been underway since June. The immediate area has various shopping and dining venues, including the Mitchell Ranch Plaza mall located on the western side of the medical campus.<\/p>\n<p>Berkadia Director Bryan Brown arranged the financing on behalf of Onicx Development. In September, a Berkadia team secured a $72.9 million bridge loan for a <a href=\"https:\/\/www.cpexecutive.com\/post\/jv-lands-73m-bridge-financing-for-orlando-tower\/\">28-story office building<\/a> in Orlando, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkadia secured the financing for the 86,770-square foot property in Trinity, Fla.<\/p>\n","protected":false},"author":870,"featured_media":1004548135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21754,21742],"tags":[32894,36278,49441],"class_list":["post-1004548134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-medical-office","category-latest","tag-berkadia","tag-medical-office-building","tag-onicx"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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