First Citizens Bank announced that its Healthcare Finance business provided $17.5 million in financing to Norvin Healthcare Properties for the acquisition of PAM Health Warm Springs Rehabilitation Hospital located in Northeast San Antonio, Texas.
 
The property, built in 2021, is a 40-bed, freestanding, inpatient rehabilitation facility totaling 38,667 in rentable square footage located at 11407 Wayland Way, San Antonio, Texas. The hospital is conveniently located off the major north-south interstate highway I-35 in Texas' second most populous city.

"We're pleased to work again with First Citizens' Healthcare Finance team and appreciate their solid reputation and healthcare expertise to support the financing of our growing portfolio," said Norman Livingston, co-founder and managing partner of Norvin Healthcare Properties.

"Norvin Healthcare Properties is well known for their portfolio of high-quality medical office buildings and for their skill in identifying attractive opportunities in the healthcare real estate market," said William Douglass, managing director and group head of First Citizens Bank's Healthcare Finance business.

"We are pleased to continue our support of Norvin Healthcare Properties as we continue to grow our banking relationships where we leverage our deep industry experience and market expertise to support our clients unique financing needs," said Steven Reedy, managing director and relationship manager with First Citizens Bank's Healthcare Finance.