Montecito Medical Real Estate secured $78 million through multiple financings for a 19-property healthcare portfolio totalling 319,424 square feet in nine states. The loans came from multiple lenders across various geographic regions including the Southeast, Mid-Atlantic, Midwest, and North Texas.
The properties average an occupancy level of 95% with double-digit weighted average remaining lease term and are located in Texas, Kansas, Missouri, Alabama, Indiana, Maryland, Ohio, Pennsylvania and Virginia.
The JLL Capital Markets Debt Advisory team that secured the financing was led by Managing Director John Chun, Director Anthony Sardo, Managing Director Tim Joyce, Managing Director Chris Hew and Senior Director Bobby Norwood.
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