First Citizens Bank’s Healthcare Finance business provided secured mortgage financing to Stockdale Capital Partners for their acquisition of West Plano Medical Village, a Class A, medical outpatient building in Plano, Texas.
West Plano Medical Village consists of 49,288 rentable square feet and is fully occupied by a clinically diverse set of healthcare providers. Built in 2022, the medical building supports the population of Collin County and the Dallas-Fort Worth market.
“We are excited to secure this financing to acquire this state-of-the-art medical outpatient building, which will allow us to expand access to high quality healthcare services in the community,” said Andrew Saba, Managing Director of Healthcare at Stockdale Capital Partners. “We appreciate the First Citizens Healthcare Finance team and their support of our long- term vision of owning high quality medical outpatient facilities that deliver exceptional care.”
“We are proud to support Stockdale Capital Partners in their acquisition of this premier medical outpatient building,” said William Douglass, group head and a managing director of Healthcare Finance at First Citizens Bank. “Our team is committed to providing tailored financing solutions that help healthcare providers expand their reach and better their communities.”
“It’s been a pleasure working with Stockdale Capital Partners to structure the financing for this important acquisition,” said Steve Reedy, head of medical office banking and a managing director with First Citizens Bank Healthcare Finance. “We look forward to continuing to support the growth of our banking relationship with this very important client.”
