Magruder Laser Vision & Orlando Aesthetic Institute
Refinance and Cash out
CMAC was hired by the physician-owners of this medical property to take advantage of a competitive rate environment and extend the loan term. Even though the bank-ordered appraised value was lower than expected, CMAC was able to arrange a debt stack with the final loan-to-value of about 96%. The main note was fixed at a low rate for 15 years.