Rethink Healthcare Real Estate JV secures $50.3 million for on-campus medical office building in Maryland
A joint venture led by Rethink Healthcare Real Estate secured a $50.3 million load to refinance the Medical Pavilion at White Oak, an on-campus medical office building located adjacent to the Adventist White Oak Medical Center in Silver Spring, Md. First Citizens Bank’s Healthcare Finance business provided the loan.
Opened in 2019, the Medical Center is located approximately seven miles northeast of Washington, D.C., in an emerging healthcare and life science hub off Interstate 95. The Pavilion, which is directly connected to the hospital and to covered parking, houses a comprehensive cancer center, primary care services, and cardiology and other specialists.