Portfolio

Lexington Clinic

Project Details


Financing Type:
Refinance
Amount:
$24,300,000
State:
Kentucky
Sometimes incumbent banks need outside pressure to improve terms on existing debt. Banks are not usually proactive in repricing loans as the credit profile improves or market rates fall. The physicians of Lexington Clinic brought in CMAC to obtain proposals from multiple other banks, creating leverage for the existing lender to rethink its pricing. We worked with that bank to modify the rate on these eleven loans, creating savings of over $400,000.