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MedCapital Group Provides $11,300,000 Financing for Medical Complex


Dallas, Texas – October 08, 2003 - MedCapital Group announces permanent financing in the amount $11,300,000 for a new medical complex. The loan structure includes a fixed rate of 6.25% over a 10 year term with a 25 year amortization. Additionally, the borrowers received approximately $1,500,000 cash-out at closing.

The complex, which consists of four independent buildings with a total of 64,500 rentable square feet, is located in the Las Vegas, Nevada area. The buildings include a 16,700 sf multi-discipline ambulatory surgery center, a 5,600 sf eye clinic, and two 21,200 sf medical office buildings.