Cardiovascular Institute of the South

Project Details

Financing Type:
Cash Out Refinance
The pre-eminent cardiovascular group of Louisiana and Mississippi sought to redefine its legacy real estate investment vehicle by more than doubling physician participation. CMAC executed a series of presentations to ultimately maximize involvement among CIS shareholders. The group refinanced eight state-of-the-art locations across both states. This allowed it to consolidate numerous pieces of existing debt into one note, distribute ~$4MM to its partners, and double the return on equity for incoming shareholders. CMAC negotiated on the group’s behalf to secure 85% loan-to-value and consolidate its debt, closing with no personal guarantees and improved interest rates and monthly payments.