MedCapital Group Provides $6.75 Million in Non-Recourse Permanent Financing

DALLAS -- MedCapital Group announces $6.75 million in financing for a distribution center in central Florida.

 The borrower needed to replace the construction loan with permanent non-recourse financing.  Flexibility in prepayment and maximization of loan proceeds were also important to the borrower.  MedCapital Group negotiated the loan structure to meet these requirements and provide a highly competitive rate, enabling the borrower to choose from two options that provided the borrower with prepayment flexibility after the first year, cash out at closing, and were non-recourse to the principals. The borrower closed at a rate of 3.2 percent.

 “This transaction was quite gratifying because not only were we able to accommodate the borrower’s desire for non-recourse financing and prepayment flexibility, but we were also able to beat a competitive quote by 60 basis points, saving our client over $100,000 over the life of the loan,” said Todd Tidmore, managing director of MedCapital Group.

 MedCapital Group specializes in providing financing for medical equipment and medical real estate projects including medical office buildings, ambulatory surgery centers, short-stay hospitals, imaging centers, and other medical related projects throughout the United States.

Source: MedCapitalGroup

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