First Citizens Bank Provides $50.3 Million to Refinance the Medical Pavilion at White Oak on the campus of Adventist White Oak Medical Center
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Opened in 2019, the Medical Center is located approximately seven miles northeast from
"Once again, we are pleased with the execution by First Citizens Bank's Healthcare Finance team in providing financing that supports our focus on maintaining high-quality medical office buildings and specialized care facilities," said John Winer, President & Chief Investment Officer, Rethink Healthcare Real Estate.
"We are delighted to again work closely with Rethink, who has a proven track record of developing and managing high quality medical office buildings and outpatient medical facilities in attractive markets," said William Douglass, who leads the bank's Healthcare Finance business.
"We are pleased to continue to grow our banking relationship with Rethink Healthcare Real Estate through the financing of this state-of-the-art, Class A medical office building," said Steven Reedy, a managing director for First Citizens Bank Healthcare Finance business.
Healthcare Finance, part of the First Citizens Bank's Commercial Finance division, provides comprehensive financing and banking solutions to middle market healthcare companies across the
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
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Ella.Bristow@firstcitizens.com
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SOURCE First Citizens Bank
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