Medical Office Feasibility Study in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area

Medical offices in South Florida

SBA approved 311 medical office loans across Miami-Fort Lauderdale during FY2017 to FY2026, for $235.4 million gross. The area ranks 3 of 488 for the class nationally, and the class ranks 2 of 39 inside South Florida. The location quotient is 1.44x, so physician and clinic lending is more concentrated in South Florida than in the national book. Miami-Dade County holds 150 loans, Broward 90 and Palm Beach 71.

Median loan size is $375,000, 1.10x the national class median; the quartile band runs $150,000 to $912,000. That upper quartile reflects practice purchases and real-estate-backed projects, and the program mix agrees: 248 of them carried the 7(a) label and 63 the 504 label. The franchise share is 1.9%, which is expected for professional practices.

Lenders

Bank holders: TD Bank, National Association (43 loans, $16.2 million); Newtek Bank, National Association ($9.8 million across 18 loans); JPMorgan Chase Bank, National Association ($3.0 million across 18 loans); Wells Fargo Bank National Association ($14.1 million across 17 loans); The Huntington National Bank (15 loans, $6.2 million). The 504 development company listed is Florida Business Development Corporation (32 loans, $33.8 million), a large dollar total for a single holder.

South Florida holder names reflect loans these lenders hold or held. They show where past activity sits; they do not describe present criteria, and a borrower should not treat a long list as a promise of access.

Outcomes and the checklist for a study

Cancellations after approval run no lower than 14.8%, and 17.9% once undisbursed loans are tallied as cancelled, a wide gap that suggests a good number of approvals were never drawn. Charge-offs for Miami medical offices carry no printed rate, because it is withheld; do not assume one.

A medical office study has to test patient volume by specialty, referral patterns, payer mix, the lease or purchase economics of the space, and coverage at a loan near $375,000. Licensing and credentialing timelines belong in the schedule. Miami-Dade, Broward and Palm Beach practices count here once the county on the loan is recognised by the July 2023 delineation; an unrecognised county drops the medical office loan from every metro, which makes 311 a floor and nothing more.