Legacy Orthopedics & Sports Medicine

Project Details

Financing Type:
New Construction Financing
This southern orthopedic group aimed to construct its first owner-occupied building for its growing practice. The doctors knew that adding the real estate investment as an ancillary revenue source would be helpful in recruiting incoming physicians. CMAC assisted in securing and negotiating both the land and construction financing. Throughout the process, there were various challenges with the title agent and counsels, but CMAC facilitated this communication on behalf of the group and moved the financing to close. The construction loan closed with no prepayment penalty and a competitive floating rate with the option to fix it whenever the group wishes.