Portfolio

Coastal Orthopedic & Sports Medicine of Southwest Florida

Project Details


Financing Type:
New Construction
Amount:
34,000,000
State:
Florida
As the premier Gulf Coast orthopedic group, Coastal Orthopedics initiated the ambitious objective of constructing two new medical real estate projects simultaneously to facilitate expansion. CMAC advocated a financing structure on behalf of the client that allowed several physicians the flexibility of borrowing the needed equity, therefore minimizing cash equity upfront. The group was able to stay with their incumbent lender with exceptional terms. Though the second project will close after the first, CMAC negotiated the rates and terms for both concurrently. Additionally, CMAC facilitated discussions with the bank to minimize their concerns about two simultaneous construction projects, which would require a lot of cash and attention from the doctors.