Portfolio

Eye Surgeons Associates

Project Details


Financing Type:
Refinance
Amount:
$6,992,000
State:
Iowa
These Ophthalmologists wanted to take advantage of a substantially lower rate from a new bank, but the appraisals came in over a million dollars lower than a few years prior, leaving a shortfall. CMAC was able to craft a creative structure to allow the refinance to occur without cash out of pocket, leaving the group to enjoy improved cash flow.