Portfolio

Virginia Eye Institute

Project Details


Project Type:
Refinance and Cash Out
Amount:
$24,000,000
State:
Virginia
CMAC was hired in 2015 to refinance and leverage up four practice locations while lowering interest rates and eliminating personal guarantees. The doctors enjoyed the $5.5 million equity that was converted to cash out. When they asked us to do it again four years later, it was a harder challenge to find equity. Yet we were able to convert another $9 million of equity, allowing the doctors to purchase a fifth practice location, while again improving the rates and terms.

"'Wow' is all I can say about the services and support you provided us throughout the refinancing project. You all made the process seamless."
Mary Parikh, CFO

Projects


The Latest

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A Developer as a JV Partner – The Considerations

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PVI Program: 3 Proven Steps to Improve Appraised Values

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