As part of CMAC’s client program, this ophthalmology group became aware of an opportunity to improve and extend its existing financing. With the need to refinance a loan for three properties, the practice partners hoped to create significant savings. Initially, the incumbent bank did not want to offer the group an opportunity to leverage up, but after CMAC’s involvement of procuring proposals from other lenders, the incumbent realized the need to be competitive and ultimately offered an attractive proposal that the group accepted. CMAC also negotiated a forward locked rate one month in advance of the closing date due to a rising rate environment. The physicians were happy to keep their depository business with their bank, secure competitive rates, and reduce buy-ins.