Portfolio

OrthoArkansas

Project Details


Financing Type:
New Construction
Amount:
$ 48,000,000
State:
Arkansas
A leading Southern orthopedic group had ordered an appraisal through their incumbent lender in late 2019 under the assumption they would receive a fair and appropriate building valuation. However, when the value came in far below their expectations at $35MM, their construction project was thrown into turmoil. In fact, at this valuation, the planned construction would have required a capital infusion to the tune of ~$6MM. By implementing the PVI methodology and ordering a new appraisal in early 2020, the group saw a 28% improvement. This allowed the group to fund the project with minimal cash out of pocket and refinance the remainder of their $45MM portfolio. CMAC has implemented the use of the PVI program with all clients since and has yielded outstanding results.

Projects


The Latest

The Latest from CMAC


New Loan Terms in a Post-COVID World

Like Buying Flood Insurance in the Sahara Desert The economic whirlwind that ensued from COVID-19 has left...

Like Buying Flood Insurance in the Sahara Desert The economic whirlwind that ensued from COVID-19 has left banks figuring out how to make profitable loans. Borrowers need to understand how...


Read More read more
A Developer as a JV Partner – The Considerations

The secret that was never much of a secret is out... physician-occupied property is a real estate investment...

The secret that was never much of a secret is out... physician-occupied property is a real estate investment that is constantly near the top of the pyramid when considering returns on risk....


Read More read more
PVI Program: 3 Proven Steps to Improve Appraised Values

Before we list the how-tos of increasing appraised value, let’s make one thing very clear – an appraised value...

Before we list the how-tos of increasing appraised value, let’s make one thing very clear – an appraised value is not something that is black and white. In fact, if any color at all can be...


Read More read more