SCOTTSDALE, AZ-Lenders are uninterested in financing off-campus medical office buildings unless the projects have hospital sponsorship, according to a panel of experts who spoke at the 3rd Annual RealShare Medical Office Buildings conference here at the Four Seasons Resort.
During the closing panel titled “Learn from the Lenders," panelists discussed the availability of debt and equity. Andrew Dow, a shareholder with Winstead PC, moderated the panel, which also included: Brian Jenkins, senior vice president of Savills LLC; Brent Tharp, senior vice president of GE Healthcare Financial Services; and Charlie Williams, founder and CEO of Keystone Capital.
In general, on-campus MOBs are more attractive to both investors and lenders, according to Tharp. He pointed out that on on-campus MOBs are more likely to stay full and able to attract new tenants to backfill vacant space, especially in today's economic climate.
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