Fundz

First Citizens Bank Provides $50.3 Million Financing For Recapitalization Of Medical Office Building Portfolio

PRIVATEFeb 21, 2023

Amount Raised

$50.3 Million

Round Type

Funding Round

NashvilleFinancial ServicesFinanceFintechLendingBanking

Investors

First Citizens Bank

Description

First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings.

Quick answer

Montecito Medical Real Estate raised $50.3 Million in a Funding Round round, dated February 21, 2023. Investors: First Citizens Bank. Montecito Medical Real Estate is based in Nashville, Arkansas, United States.

How much did Montecito Medical Real Estate raise?
Montecito Medical Real Estate raised $50.3 Million in a Funding Round round on February 21, 2023.
Who invested in Montecito Medical Real Estate?
First Citizens Bank is named as investors in this round.
What does Montecito Medical Real Estate do?
Montecito Medical is one of the nation’s largest privately held companies specializing in acquiring and funding the development of medical and veterinary real estate properties.
Where is Montecito Medical Real Estate based and how big is it?
Montecito Medical Real Estate is based in Nashville, Arkansas, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Montecito Medical Real Estate that raised within 45 days of this round, from Fundz verified event records.

  • Clip Money raised an undisclosed amount (Convertible Note) on March 28, 2023.
  • Natech raised an undisclosed amount (Funding Round) on March 13, 2023.
  • Taurus raised $65M (Funding Round) on February 14, 2023.
  • Clip Money raised $912K (Seed) on February 10, 2023.
  • Ensysce Biosciences raised $2.8M (Seed) on February 2, 2023.
  • NewtekOne raised $50M (Funding Round) on January 24, 2023.

Who to call at Montecito Medical Real Estate, and when

A new round usually means Montecito Medical Real Estate is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Montecito Medical Real Estate raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Montecito Medical Real Estate, from your own LinkedIn network

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Company Information

Company

Montecito Medical Real Estate

Location

Nashville, Arkansas, United States

About

Montecito Medical is one of the nation’s largest privately held companies specializing in acquiring and funding the development of medical and veterinary real estate properties. In completing more than $5 billion in real estate acquisitions, Montecito has reinvented the field by taking care of the physicians who take care of everyone and the veterinarians who take care of our pets. As part of that mission, the company makes available a growing platform of AI-powered technology solutions that enable providers to increase revenues, decrease costs and better serve their clientele in areas ranging from clinician recruitment and scheduling to E/M coding. Headquartered in Nashville, TN, Montecito has been named for five consecutive years as a “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum.

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Montecito Medical Real Estate raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.