Idaho Urologic Institute

Project Details

Project Type:
Refinance & Cash Out
One of the leading independent urology practices in the Northwest refinanced the debt on its MOB/ASC despite a negative swap value. In doing so, the practice replaced its existing lender who seemed to struggle with banking an independent specialty group. The improvement in loan terms resulted in overall interest savings and enhanced cash flows. The loan provided cash out to the physician partners while allowing a new physician to buy in. There were no personal guarantees and the banking of the operation was vastly improved.