Portfolio

EmergeOrtho – Foothills Region

Project Details


Project Type:
Refinance
Amount:
$ 9,000,000
State:
North Carolina
Formerly Carolina Orthopaedic Specialists

The 14 physician-owners of COS, with three different real estate entities, hired CMAC to refinance debt on five practice locations plus medical equipment. The CMAC RFP created a hyper-competitive environment among the banks, and the doctors were able to modify the debt to lower the interest rate by more than 2.5%, while staying with their own bank. The monthly debt service payment was drastically reduced. This former practice is now part of EmergeOrtho, one of North Carolina’s top orthopedic practices with 45 locations and nearly 100 orthopedic specialists.

Projects


The Latest

The Latest from CMAC


New Loan Terms in a Post-COVID World

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A Developer as a JV Partner – The Considerations

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PVI Program: 3 Proven Steps to Improve Appraised Values

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Before we list the how-tos of increasing appraised value, let’s make one thing very clear – an appraised value is not something that is black and white. In fact, if any color at all can be...


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