News release

$78 million financing secured for 19-property healthcare portfolio

JLL Capital Markets arranged the financing for healthcare portfolio spanning nine states

April 26, 2023

Alli Semans

Hotels & Hospitality and Capital Markets PR
+1 330 329 6750

DALLAS, April 26, 2023 –  JLL Capital Markets announces today that it has arranged $78 million through multiple financings for a 19-property healthcare portfolio totalling 319,424 square feet in nine states.

JLL worked on behalf of the borrower, Montecito Medical Real Estate to secure loans from multiple lenders across various geographic regions including the Southeast, Mid-Atlantic, Midwest, and North Texas.

The JLL Capital Markets Debt Advisory team was led by Managing Director John Chun, Director Anthony Sardo, Managing Director Tim Joyce, Managing Director Chris Hew and Senior Director Bobby Norwood.

The properties average an occupancy level of 95% with double-digit weighted average remaining lease term and are located in Texas, Kansas, Missouri, Alabama, Indiana, Maryland, Ohio, Pennsylvania and Virginia.

“Despite well documented headwinds in the capital market space, we were able to secure accretive financing terms from a variety of lending sources thanks to JLL’s direct presence in each of these markets. The high-quality portfolio of medical office buildings assembled by Montecito allowed for a competitive environment that helped to drive optimal loan terms,” said Chun.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Montecito Medical Real Estate

Montecito Medical is one of the nation’s largest privately held companies specializing in medical real estate acquisitions and partnering with providers and developers to fund development of new properties. The company also supports providers with a suite of AI-powered technology solutions that increase revenues, reduce costs and build physician wealth. Since 2006, Montecito has completed more than $5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has been named for five consecutive years as a “key influencer in healthcare real estate” by and the editors of Real Estate Forum. For more information, please visit