CIT’s healthcare finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, FL, and Alexandria, LA, by IRA Capital.

In Naples, FL, CIT provided $49.2 million toward the acquisition of a three-story surgical hospital and specialty care facility acquired by subsidiaries of IRA Capital. The Naples property has 86,287 rentable square footage and is leased to Naples Community Hospital and Physicians Regional Medical Center.

In Alexandria, LA, subsidiaries of IRA Capital obtained a $31.5 million loan from CIT that funded a portion of the CHRISTUS Central Louisiana Surgical Hospital acquisition. This facility has 83,631 rentable square footage.

“We are excited to add these two best-in-class surgical facilities backed by top-tier health systems to our growing healthcare real estate portfolio,” Amer Kasm, principal and co-founder of IRA Capital., said. “CIT is a highly valued financing partner and known for its expertise in specialized clinical healthcare real estate finance. We appreciate their agility and efficient execution in arranging these loans.”

“IRA Capital has a strong reputation for successfully managing a portfolio of medical facilities in a variety of regions,” William Douglass, managing director and group head for CIT’s healthcare finance business, said. “We have worked well with IRA Capital in the past and we are pleased to support them once again on these transactions.”