Portfolio

Slocum Center for Orthopedics & Sports Medicine

Project Details


Financing Type:
Rate Modification
Amount:
$10,900,000
State:
Oregon
This practice operates out of a state-of-the-art, 80,000 sf medical office building, specially built for Slocum, with ownership held equally by the developer and the Slocum group. Because the developer borrowed bank funds directly, and then lent half to the doctor group on a sub-note, the doctors had no leverage when they wanted to take advantage of declining interest rates. They couldn’t pledge the building as collateral for replacement financing. Enter CMAC which used some unique negotiating strategies to reduce the rate by nearly 1%, creating savings of over $650,000 over the remaining loan term.

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