First Citizens Bank’s announced today its healthcare finance business provided Stockdale Capital Partners with $38 million in first-mortgage debt to finance its acquisition of Willow Oaks Corporate Center, a 401,000-square-foot medical outpatient campus in Fairfax, VA.
“With this financing, we were able to seize on an opportunity to add a best-in-class asset to our growing medical office portfolio,” Andrew Saba, managing director of healthcare at Stockdale Capital Partners, said. “We value First Citizens Healthcare Finance’s support of our vision to own and manage premier medical outpatient facilities for the long term.”
Steven Reedy, managing director and head of medical office banking at First Citizens Bank Healthcare Finance, said, “We’re proud to support Stockdale Capital Partners in acquiring this premier medical facility. Our team provides capital solutions and expertise tailored to help healthcare owners and operators. We look forward to working with Stockdale and supporting its continued growth in the healthcare industry.”
