Portfolio

North Carolina Specialty Hospital

Project Details


Project Type:
Partner Buyouts
Amount:
$ 18,600,000
State:
North Carolina
The physician-owners of the hospital real estate wished to buy out their joint venture partner and expand the facility, yet the lease did not provide enough cash to cover the debt needed. Enter CMAC’s Greg Warren who crafted a complex yet highly effective structure of loans, taxable bonds, and interest rate swaps to provide all the funds, with debt service that didn’t exceed the rental income paid by the hospital. In the process, the interest rate was lowered by nearly 1%, resulting in interest savings of over $1,000,000.

Projects


The Latest

The Latest from CMAC


New Loan Terms in a Post-COVID World

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Like Buying Flood Insurance in the Sahara Desert The economic whirlwind that ensued from COVID-19 has left banks figuring out how to make profitable loans. Borrowers need to understand how...


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A Developer as a JV Partner – The Considerations

The secret that was never much of a secret is out... physician-occupied property is a real estate investment...

The secret that was never much of a secret is out... physician-occupied property is a real estate investment that is constantly near the top of the pyramid when considering returns on risk....


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PVI Program: 3 Proven Steps to Improve Appraised Values

Before we list the how-tos of increasing appraised value, let’s make one thing very clear – an appraised value...

Before we list the how-tos of increasing appraised value, let’s make one thing very clear – an appraised value is not something that is black and white. In fact, if any color at all can be...


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