SCOTTSDALE, AZ-Lenders are uninterested in financing off-campusmedical office buildings unless the projects have hospitalsponsorship, according to a panel of experts who spoke at the3rd Annual RealShare Medical Office Buildings conferencehere at the Four Seasons Resort.
During the closing panel titled “Learn from the Lenders,"panelists discussed the availability of debt and equity. AndrewDow, a shareholder with Winstead PC, moderated the panel, whichalso included: Brian Jenkins, senior vice president of Savills LLC;Brent Tharp, senior vice president of GE Healthcare FinancialServices; and Charlie Williams, founder and CEO of KeystoneCapital.
In general, on-campus MOBs are more attractive to both investorsand lenders, according to Tharp. He pointed out that on on-campusMOBs are more likely to stay full and able to attract new tenantsto backfill vacant space, especially in today's economicclimate.
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