Portfolio

Legacy Orthopedics

Project Details


Financing Type:
New Construction
Amount:
$3,900,000
State:
Texas
This southern orthopedic group aimed to construct its first owner-occupied building for its growing practice. CMAC assisted in securing and negotiating both the land and construction financing. Following the land purchase in 2021, the group then closing on the financing a few months later. The group experienced multiple challenges from the title agent, to the counsel throughout the financing process, including the construction loan closed with no prepayment penalty and competitive floating rate with the option to fix it whenever the group wishes.