Onicx Group, a prominent multi-asset real estate developer focused on healthcare, has secured nearly $5 million in financing from First American Bank to acquire a 31,303-square-foot medical office property in New Port Richey, Florida. Located within the BayCare Health System outpatient campus, the property represents a significant addition to Onicx Group’s growing healthcare real estate portfolio.
First American Bank responded with a customized three-year floating-rate loan, offering flexible terms including additional funding for capital improvements and leasing milestones. The loan structure also includes the ability to convert to a fixed-rate option, enabling Onicx Group to align its financing strategy with its long-term investment goals.
This solution has also allowed First American Bank to reconnect with Onicx Group, a relationship built on decades of trust and collaboration.
With this latest acquisition and the continued support from First American Bank, Onicx Group is well-positioned to further strengthen its healthcare real estate portfolio and continue its growth in the sector.
