Delaware | Orthopedic Group | Construction Finance - CMAC
Delaware | Orthopedic Group | Construction Finance
: Construction Financing
An orthopaedic group in Delaware financed its new construction project at 100% loan-to-value. The loan is based on a 10-year term. A portion of the debt is fixed with an interest rate swap while the remainder floats on a Libor based index. The group was able to negotiate a lower interest rate than previously proposed with its incumbent lender for both the fixed-rate and floating portions of the loan.