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MedCapital Group Provides $2,210,000 Acquisition & Renovation Financing for Medical Office Building

Dallas, Texas – December 7, 2005 - MedCapital Group announces $2,210, 000 in financing for the acquisition and renovation of a 22,000 square foot medical office building in New Jersey. The structure includes 85% loan to cost without any pre-leasing requirement.

MedCapital was called upon to provide financing for the acquisition of an office building and subsequent renovation to medical office use. The building, located in a transitional market near New York City, did not have any pre-leasing in place at the time of closing. In addition, MedCapital Group worked closely with the developer and lender to successfully resolve a number of environmental and zoning issues related to the site and nevertheless closed the transaction in under sixty days.

"Providing financing for a vacant building at 85% loan to cost was a challenge we overcame by understanding and effectively communicating the merits of the project." stated Todd Tidmore, Managing Director of MedCapital Group. "After meeting with the developer and through our own due diligence efforts, we were able to present a compelling story about the transitional market opportunity and the developer's strong ties to the medical community."