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MedCapital Group Provides $6,000,000 in Non-Recourse Permanent Financing for Orthopaedic Center


Dallas, Texas - June 11, 2008 - MedCapital Group announces $6,000,000 in permanent financing at 6.20% fixed, for a 10 year term with a 25 year amortization schedule. The facility is a 24,400 square foot recently constructed Class A two-story medical office building located in the Las Vegas, NV area.

“Our client's goal of non-recourse financing, was aggressive, especially in light of the turbulent credit markets, the high loan amount per square foot, the soft local market, and the single purpose use of the facility.” stated Todd Tidmore, Managing Director of MedCapital Group.

“We were able to exceed our client's expectations due to our expertise in healthcare and our knowledge of the capital markets,” continued Todd Tidmore. “Despite the tightening in the credit markets, reasonable projects are still getting done for those who know where to look and how to structure them.”

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