MedCapital Group Provides $4.5 Million in Mortgage Financing for Medical Office Building and ASC

DALLAS -- MedCapital Group announces $4.5 million in mortgage financing for a medical office building in northwest Indiana.  The 36,650-square-foot facility includes an ambulatory surgery center, physician offices, lab, and radiology practice.

The financing terms include a 10-year fixed rate at 135 basis points over the 10-year U.S. Treasury, 5.59 percent at the time of rate lock, a 20-year amortization period, and $1.6 million cash out to the partners. To obtain the most competitive financing available, MedCapital advised the client to modify some technical aspects of the leases and make some minor modifications to the partnership.

"Often after we review a deal, we can suggest minor modifications be made to the structure that greatly improves the ability to obtain the most competitive financing available in the market," stated Todd Tidmore, managing director of MedCapital Group.

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

Source: MedCapital Group

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