Portfolio

EmergeOrtho – Foothills Region

Project Details


Financing Type:
Refinance
Amount:
$ 9,000,000
State:
North Carolina
Formerly Carolina Orthopaedic Specialists

The 14 physician-owners of COS, with three different real estate entities, hired CMAC to refinance debt on five practice locations plus medical equipment. The CMAC RFP created a hyper-competitive environment among the banks, and the doctors were able to modify the debt to lower the interest rate by more than 2.5%, while staying with their own bank. The monthly debt service payment was drastically reduced. This former practice is now part of EmergeOrtho, one of North Carolina’s top orthopedic practices with 45 locations and nearly 100 orthopedic specialists.

Projects


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