Interest Savings In Millions

After months of dialogue with its lead lender without a proposal, a leading physician-owned heart hospital engaged CMAC to see what might be done to help realize the sought-after improvements on its loans. Whether it was due solely to CMAC’s involvement or whether the hospital had loosened the lid on the proverbial jar so that we could open it, the hospital was soon enjoying a rate reduction twice what it had been negotiating, a reduced number of lender participants and a reduction in duplicative and uneven reporting requirements.

Although CMAC had brought bank bids from outside the area that would have saved the hospital even more money, the hospital decided to keep its business local as it looked to maintain both the physical and fiscal health of the community.