Portfolio

Southern Oregon Orthopedics

Project Details


Financing Type:
Refinance
Amount:
$11,600,000
State:
Oregon
With an expansion project in their sites, Southern Oregon Orthopedics strategically pulled about $6MM in cash out from its existing location to fund an ambulatory surgery center construction. This allowed the owners to lock in a favorable 10-year rate on their existing debt and did not require them to come out of pocket for new construction. The debt was completely non-recourse to the individual owners and the negotiation of rates for the refinance and new construction occurred simultaneously.