Marcus & Millichap Capital Corporation arranged $6 million for the refinancing of Dayton Children’s Behavioral Health Center, a medical office facility at 5501 Far Hills Ave. in Dayton, Ohio.
Dan Litman, senior managing director in MMCC’s Los Angeles office, secured the financing with a regional bank on behalf of a local, privately held construction and real estate development company.
The loan is non-recourse and features a 9-year term at 75% loan-to-value with a 5.73% interest rate and 20-year amortization period.
Dayton Children’s is a pediatric acute children’s teaching hospital with locations throughout Ohio. The 5501 Far Hills Avenue location is one of the most recent expansions to the hospital’s network and will offer services such as developmental rehab and speech therapy, imaging and lab work, and pediatric primary care services. Dayton Children’s announced the expansion at the end of 2023 and construction began in 2024, with the tenant moving in January of this year.
