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Orthopedic Center Gets Non-Recourse Permanent Financing

MedCapital Group Provides $6,000,000 in Non-Recourse Permanent Financing for Orthopedic Center

06/12/2008

Dallas, Texas — MedCapital Group announces $6,000,000 in permanent financing at 6.20 percent fixed, for a 10 year term with a 25 year amortization schedule. The facility is a 24,400-square-foot, recently constructed, Class A, two-story, medical office building located in the Las Vegas area.

"Our client’s goal of non-recourse financing was aggressive, especially in light of the turbulent credit markets. The high loan amount per square-foot, the soft local market and the single purpose use of the facility," stated Todd Tidmore, managing director of MedCapital Group.

"We were able to exceed our client’s expectations due to our expertise in healthcare and our knowledge of the capital markets," he continued. "Despite the tightening in the credit markets, reasonable projects are still getting done for those who know where to look and how to structure them."

Source: MedCapital Group

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