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MedCapital Group Provides $3,500,000 in Financing for Medical Office Building & Ambulatory Surgery Center


Dallas, Texas - October 30, 2006 - MedCapital Group announces $3,500,000 in commercial mortgage financing for a medical office building in southern New Mexico. The 21,750 square foot facility includes an ambulatory surgery center and physician offices.

The financing terms include a 10 year fixed rate at 6.27%, 165 basis points over the 10 year US Treasury at the time of rate lock, a 25 year amortization period, and limited recourse to the partners. To obtain the most competitive financing available, MedCapital advised the client to modify some technical aspects of the leases and make some minor modifications to the partnership.

"Often after we review a deal, we suggest minor modifications to the project's structure that greatly improves the ability to obtain the most competitive financing available in the market." stated Todd Tidmore, Managing Director of MedCapital Group.

MedCapital Group specializes in providing financing for medical real estate projects including medical office buildings, ambulatory surgery centers, short-stay hospitals, imaging centers, and other medical related real estate throughout the United States.