Capital for medical office buildings, hospitals, outpatient clinics, and specialty care facilities
Healthcare real estate is one of the most resilient sectors in commercial real estate, driven by aging demographics, the expansion of outpatient care, and the essential nature of medical services. George Smith Partners has extensive experience financing healthcare properties across the care delivery spectrum.
We navigate the specialized underwriting requirements of healthcare assets, including tenant credit analysis, lease structure evaluation, regulatory considerations, and operator quality assessment. Our capital relationships include life companies, banks, CMBS lenders, debt funds, and healthcare-focused specialty lenders.
Single- and multi-tenant office properties purpose-built or converted for physician practices and outpatient care.
Acute care hospitals, specialty hospitals, and critical access facilities with complex operating structures.
Outpatient surgical facilities performing same-day procedures across multiple specialties.
Urgent care, diagnostic imaging, dialysis, and specialty treatment centers serving local communities.
Psychiatric hospitals, substance abuse treatment centers, and mental health facilities.
Inpatient and outpatient rehabilitation hospitals providing physical, occupational, and speech therapy.
Financing is available across the full healthcare real estate spectrum, including medical office buildings (MOBs), hospitals, ambulatory surgery centers, outpatient clinics, urgent care facilities, behavioral health centers, rehabilitation hospitals, and specialty treatment centers. Each property type has distinct underwriting considerations based on tenant credit, lease structure, and regulatory factors.
Healthcare lenders focus on tenant credit quality (health system affiliation, physician group strength), lease terms and renewal probability, proximity to hospital campuses, regulatory and licensing compliance, reimbursement risk, and the essential nature of the services provided. Properties affiliated with investment-grade health systems or anchored by long-term leases command the most favorable terms.
Medical office buildings benefit from strong demand fundamentals driven by aging demographics, the shift toward outpatient care, and the essential nature of healthcare services. MOBs typically exhibit lower vacancy rates and more stable cash flows than traditional office, and tenants invest heavily in buildout, which increases renewal probability. These characteristics translate to favorable financing terms from a wide range of capital sources.
Yes. Properties housing diagnostic imaging centers, cancer treatment facilities, dialysis clinics, and other equipment-intensive operations can be financed. Lenders consider the replacement cost of the equipment, the creditworthiness of the operator, and whether the specialized improvements enhance or limit the property's alternative use value. Experienced healthcare lenders understand these nuances and structure financing accordingly.
Our team can help you secure financing for your healthcare real estate investment.
Discuss Your Healthcare Financing