Back to Newsroom

MedCapital Group Provides $3,500,000 Limited Recourse Financing for Ambulatory Surgery Center

Dallas, Texas – September 7, 2004 - MedCapital Group announces permanent financing in the amount of $3,500,000 for a multi-disciplinary ambulatory surgery center in West Texas. The loan structure includes a fixed rate of 6.19 percent with a 15-year term and 15-year amortization.

The issues related to physician owner recourse were of particular importance to the borrower. Through MedCapital Group's negotiations with the lender, a limited recourse structure was arrived at that was acceptable to both parties. The structure states that physician owners will provide personal guarantee's for 125% of their pro rata share of the 15-year facility lease.

"Recourse is often a hot button issue with borrowers and lenders and can become an obstacle in finalizing a transaction." stated Todd Tidmore, Managing Director of MedCapital Group. "We were pleased that we could negotiate a structure that included a highly competitive 15-year fixed rate and met the needs of both the borrower and the lender in regards to recourse."