CIT Group Inc. and its health care finance unit have provided a $25 million loan for Seavest Healthcare Properties to acquire the Martin Luther King Jr. Community Hospital medical office building in South Los Angeles.

MLK Community Hospital is a nonprofit hospital.

“We’re pleased to leverage our expertise to create a financing solution that meets Seavest’s investment objectives,” William Douglass, managing director and group head for CIT’s health care finance group, said in a statement.

“This effort advances the hospital’s mission while helping to drive transformative change and further revitalize the Watts area,” Douglass added.

MLK Community Hospital was established in 2015 as a public-private partnership with the county to help the South L.A. community.

“We’re pleased to work with CIT on this transaction, and to expand our portfolio in Los Angeles,” John Winer, senior managing director and chief investment officer for Seavest Healthcare Properties, said in a statement.

“This acquisition provides the opportunity to invest in a newly developed, on-campus outpatient facility in South Los Angeles and to assist in delivering critical health care services to the area’s 1 million residents,” he added.

It’s not CIT’s first investment in South L.A.

Earlier this year, the company announced a $37.3 million investment in the Jordan Downs Apartment Project in Watts. The number has since been increased to $47 million.

The project is a 92-unit multifamily building that is part of a larger redevelopment initiative. The building is the third phase of the larger project.

CIT said in a press release that it expected to make additional investments in Watts later this year and is expecting to open a new branch in the community.

“Our community needs our support now more than ever,” Steve Solk, president of consumer banking at CIT, said in a statement. “We’re pleased to play a key role in this transaction and continue our investment in the Watts neighborhood and surrounding areas during this challenging time.”