Portfolio

Cardiovascular Associates

Project Details


Financing Type:
New Construction and Refinance
Amount:
$ 21,000,000
State:
Alabama
CardioVascular Associates of Birmingham (CVA), now part of Brookwood Baptist Health System, is one of the largest cardiology practices in the Southeast. CVA partnered with CMAC when it needed to finance a new 80,000 square foot facility in Birmingham. The doctors enjoyed the benefits of tax-exempt and 100% loan-to-cost financing. The President of CVA said: "Engaging CMAC to handle the financing of our $21MM facility was one of the best business decisions we made for our project. It was important to us to have someone address each question and simplify the complex nature of this type of transaction since we have 32 physicians in our group.” More recently, CMAC assisted CVA to refinance its debt with even more attractive terms.

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