MedCapital Group Provides $3,040,000 Construction Financing and Consulting Services for Medical Office Building
Dallas, Texas – March 22, 2005 - MedCapital Group announces construction financing in the amount of $3,040,000 for a 34,800 square foot medical office building in North Texas. The building includes several physician practices, lab, and 4,000 square foot diagnostic imaging center.
Prior to MedCapital Group's involvement, the project had been submitted to multiple lenders unsuccessfully. MedCapital Group structured and assembled a financing package and secured financing for the project. In addition to providing financing for the facility, MedCapital Group was called upon by the physician owners to coordinate numerous development activities.
"Often lenders are not presented with a complete or compelling package of information to make a favorable decision." stated Todd Tidmore, Managing Director of MedCapital Group. "By gaining a thorough understanding of our clients operations and goals, we were able to effectively communicate the community need and value of this special use facility in order to secure financing and complete the project."