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Magruder Laser Vision & Orlando Aesthetic Institute

Project Details


Financing Type:
Refinance and Cash Out
Amount:
$5,130,000
State:
Florida
CMAC was hired by the physician-owners of this medical property to take advantage of a competitive rate environment and extend the loan term. Even though the bank-ordered appraised value was lower than expected, CMAC was able to arrange a debt stack with the final loan-to-value of about 96%. The main note was fixed at a low rate for 15 years.