Project Details
Project Type:
Refinance
Amount:
$8,450,000
State:
Florida
The physicians have brought in CMAC three times to assist with the group’s real estate financing. Most recently, the refinance was an opportunity to significantly reduce the doctors’ personal guarantees. On a previous engagement, CMAC calculated that the bank had miscalculated amounts owed on three interest rate swaps, overcharging the client for two years. We were able to get that amount refunded to the borrower, with interest.