This Pacific Northwest group recently closed on the first part of a two-phase closing for its medical real estate. The group first needed to refinance the existing land loan which was floating at a very high rate before it could move forward with the construction project. CMAC assisted the group to secure a low rate, ultimately closing the land loan with a two-year interest-only period followed by a three-year term and 10-year amortization. As the group expects the approval by the city to initiate the second phase of this project, CMAC will assist one more time in securing the financing for construction of a road leading to the group’s upcoming new build. Stay tuned for more.