Montecito Medical Receives $31.2M Acquisition Financing for Healthcare Property in Columbia

by John Nelson

COLUMBIA, S.C. — Montecito Medical Real Estate has received a $31.2 million loan for the acquisition of a cancer treatment center located in Columbia. First Citizens Bank’s Healthcare Finance group, part of the CIT division, provided the financing. The facility is currently leased to South Carolina Oncology Associates (SCOA).

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