First Citizens Bank Provides $50.3M To Refinance The Medical Pavilion At White Oak On The Campus Of Adventist White Oak Medical Center
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First Citizens Bank, part of the CIT division, has provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate 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, Maryland. The loan supports Rethink's focus on maintaining high-quality medical office buildings and specialized care facilities.

July 31, 2023 | 1:18 pm
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POSITIVE IMPACT
First Citizens Bank's loan to Rethink Healthcare Real Estate could potentially increase its revenues and strengthen its position in the healthcare finance sector.
The loan provided by First Citizens Bank to Rethink Healthcare Real Estate is a significant financial transaction that could potentially increase the bank's revenues. Additionally, it strengthens the bank's position in the healthcare finance sector, which could attract more clients in the future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100