Portfolio

ORA Orthopedics

Project Details


Project Type:
New Construction Financing
Amount:
$40,000,000
State:
Iowa
2024 - This Midwestern orthopedic group sought financing for a new state-of-the-art medical office building and ambulatory surgery center to support its continued growth. Having previously collaborated with CMAC Partners, the group turned to CMAC once again to leverage its expertise in securing superior financing. CMAC obtained a higher loan amount than originally anticipated with its incumbent bank, reducing the doctors' cash collateral requirement by $5 million. As a result, the group achieved total savings exceeding $850,000.

2013 - How do you improve the terms on one property, when it is cross-collateralized with another that can’t be moved? CMAC’s RFP process provided the market data that allowed the group's incumbent bank to improve and extend the loan, with some additional funds that paid for building enhancements like a new HVAC system.