MedCapital Group Provides $2,000,000 Permanent Financing for Medical Office Building
Dallas, Texas - March 7, 2007 - MedCapital Group announces permanent financing in the amount of $2,000,000 at 6.5% fixed with a 10 year term and 25 year amortization. The 6,200 square foot medical office building is located in the Las Vegas area.
Due to the high per square foot cost of the project, proper valuation based on comparable healthcare properties and an understanding of the business was essential. MedCapital was able to use its extensive experience in financing healthcare real estate to assist in the process and facilitate an accurate valuation.
"It is important to target lenders that not only provide competitive rates but also are receptive to healthcare real estate" says Todd Tidmore, Managing Director of MedCapital Group. "By understanding our clients goals and using our experience in healthcare real estate financing, we are able to effectively communicate the merits of healthcare facilities and secure financing for our clients."
MedCapital Group specializes in providing financing for medical real estate including medical office buildings, ambulatory surgery centers, short-stay hospitals, imaging centers, and other medical related real estate throughout the United States.