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CMAC Partners, LLC
399 Carolina Avenue,
Suite 250
Winter Park, FL 32789

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Ascension St. Vincent Orthopedic Hospital

Project Details

Financing Type:
New Construction
Amount:
$51,200,000
State:
Indiana
The doctors wanted construction financing for a proposed 135,000 sf, physician-owned, specialty hospital, with the complication of TIF (Tax Increment Financing) funds. There was no corporate guarantee or lucrative depository relationship to offer bidding banks. The doctors also aimed to minimize personal guarantees and cash needed to close. After months of negotiations with banks regarding their HVCRE (High Volatility Commercial Real Estate) regulations, CMAC successfully closed financing that required very little cash equity.

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Case Studies

T-I-F + H-V-C-R-E Spells a Great Financing Deal

T-I-F  + H-V-C-R-E  Spells a Great Financing Deal Indiana Orthopedic Specialty Hospital Shows the Way Creative...

T-I-F  + H-V-C-R-E  Spells a Great Financing Deal Indiana Orthopedic Specialty Hospital Shows the Way Creative solutions allowed a group of orthopedic surgeons to prevail and secure favorable...

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