Dive Brief:
- GE Capital's Healthcare Financial Services (HFS) business is providing a $72-million mortgage to Landmark Healthcare Facilities, LLC for a 210,000-square-foot outpatient medical complex in Jacksonville, FL.
- The property will consist of an outpatient care center and medical offices.
- The building, which is already fully-leased, includes University of Florida Health outpatient and specialty services, an academic medical center and the University of Florida's physician practice group. Community physician practices lease the remaining space.
Dive Insight:
GE Capital's HFS business is one of the most active capital providers in the U.S. healthcare market, providing more than $10.5 billion in financing across more than 240 transactions in 2014. Of these, over $1 billion were committed in the medical office building and the medical properties sectors across more than 60 transactions.
"We've worked with GE Capital's Healthcare Financial Services business since 2011," Mark Eisenmann, Landmark's CFO, said in a statement. "In addition to being a reliable source of financing, we appreciate their in-depth understanding of the unique nature of medical office buildings."