MedCapital Group Provides $4.1 Million in Non-recourse Permanent Financing for Medical Office Building

DALLAS -- MedCapital Group announces $4.1 million in non-recourse permanent financing at 6.72 percent fixed for a 10-year term and 25-year amortization period. The 24,500-square-foot single tenant medical office building in south Texas houses all support services for a bariatric hospital, including physician offices, nutrition center, sleep lab, fitness center, and classroom for life style education.

"It is a pleasure to assist our long time client, a national developer of healthcare facilities, and fulfill their requirement for non-recourse financing," stated Todd Tidmore, managing director of MedCapital Group. "Though non-recourse financing can often be difficult to obtain, especially for single tenant special use facilities such as this, we were able to draw upon our extensive network of lending resources to meet our client's aggressive goals."

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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