Refinance and Cash Out
A leading ENT group in the Southeast has secured a $20.7 MM loan to refinance multiple real estate properties. Although the group had enjoyed “competitive” pricing from a national lender over the last several years, it was not as fair as the market would dictate. While best business practices suggest you trust your provider, comfort sometimes comes at a cost. An RFP produced by CMAC Partners yielded particularly outstanding outcomes and ultimately created meaningful improvements. The financing resulted in $1MM in present value interest savings over a 10-year term. No personal guarantees were required of the physician-owners and the loan provided cash out for future projects.