Ph: 407-264-7255

CMAC Partners, LLC
399 Carolina Avenue,
Suite 250
Winter Park, FL 32789

Directions

Let’s chat at your convenience.
Tell us about your project with the CMAC Solution Finder

Portfolio

The Oregon Clinic – Gastroenterology South

Project Details

Financing Type:
New Construction Financing
Amount:
$ 6,600,000
State:
Oregon
This group completed a two-part closing, first completing a building purchase and then closing a construction loan. The current tenant of the building requested an extension, causing a delay in the construction loan closing. Despite an initial low appraisal, CMAC was able to negotiate with the bank to lower the equity needed for the project by getting a high loan-to-cost (LTC) of 85% using a two-loan structure. The main loan closed at 16-months interest-only followed by a 10-year term and 25-year amortization. The second loan has the same interest-only period and term with a 10-year amortization.
"At the start of this process, I had the mistaken impression that our main reason for engaging your services was to secure a more favorable interest rate. While the interest rate is important, I now understand and appreciate all of the additional value you and your team have provided. Thanks for your hard work and diligence. Yes we are excited to move on to the next phase and we are grateful for all of your help in getting us here. We really couldn’t have done it without you."
Dr. Brian Applebaum, Physician Owner and Managing Partner

Projects

Tower Clock Eye Center
This ophthalmology group aimed to consolidate the ownership of several different real estate entities across multiple properties as well as secure financing to renovate an existing building into an ambulatory surgery center. CMAC strategized with the group to refinance its existing debt and...

View Project

left arrow
Wake Internal Medicine Consultants
Following a previously unsuccessful venture into real estate ownership, this group decided to reconsider and purchase a 48,000 sq ft built-to-suit building. After signing a lease-to-buy agreement with its contractor, the group initially worked with CMAC on a consulting basis to test different...

View Project

left arrow
Ogden Clinic
This Western multispecialty group decided to build a new medical office building and ambulatory surgery center to facilitate the expansion of the practice. Throughout the financing process, CMAC was able to maximize the appraised value and ultimately secure a loan to fund the entire project....

View Project

left arrow
Wisconsin Institute of Urology
2023 - This returning client aimed to refinance its existing debt and leverage up in order to facilitate more affordable buy-ins and buyouts. Additionally, the partners had become disappointed with their current lender relationship and felt they needed a new banking partner. CMAC modeled analyses...

View Project

left arrow

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
Resources