Portfolio

Azalea Orthopedics

Project Details


Financing Type:
Refinance and Cash Out
Amount:
$9,000,000
State:
Texas
Leveraging up to reduce the cost of buy-in for new partners is an excellent strategy for physician-owned real estate. CMAC was pleased to assist this group to refinance, strip out cash equity, and, in the process, dramatically reduce the interest rate and personal guarantees. The 15-year loan had a fixed rate with no prepayment penalty, providing future flexibility.