Tri-State Orthopaedic Surgeons, Evansville, IN

  • : New Construction to Permanent
  • : $51MM
  • St. Mary’s Health, a member of St. Vincent and Ascension Health, and Tri-State Orthopaedics are partnering to build a 135,000 sq ft, four story state-of-the-art orthopedic specialty hospital at an approximate cost of $64 million. CMAC successfully secured bank financing for the real estate and equipment at 80% LTC/LTV, no personal guarantees. CMAC negotiated a forward fix rate of 4.15% for 10 years with a 2 year interest only period.