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Pima Heart & Vascular
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Project Details
Project Type:
Refinance
Amount:
$4,400,000
State:
Arizona
The doctors had three real estate entities with five loans and wanted to consolidate into one new loan, however the new debt amount was nearly as much as the appraised value. CMAC stepped in and arranged a new loan, with a lowered interest rate, monthly payment, and personal guarantees. We negotiated all the cash needed to close by doing a fixed rate adjustment to the new swap.