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Urology Associates, PC

Project Details


Financing Type:
Refinance and New Construction & Buy-ins and Buy-outs Facilitation
Amount:
$ 13,500,000
State:
Tennessee
This prominent urology group refinanced its real estate in order to facilitate a multitude of buy-ins and buyouts while providing $5.5 MM cash out. The non-recourse financing was concluded with the incumbent bank, reducing the historical loan spread initially negotiated by the borrower. Additionally, the lender allowed for the debt to remain interest-only for the first 2 years, which resulted in a meaningful improvement in the cash available to distribute to the physician partners during that period.

"I don’t think we could have had a better team or a better result."
Charles Eckstein, MD

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