Back to the full list of closings

news photo
Medical Office Financing

Recently Closed Loan: Georgia Medical Office Building Investment Purchase

Tags: medical office financing, office loans, medical office mortgage loans, low prepayment penalty
Monday, Oct 14, 2019
by Angela Kesselman

The Madison Group (TMG), a leading national lending source of commercial real estate financing, arranged the $1,900,000 loan for the purchase of a 22,606 square foot, medical office building in Georgia.    The borrower’s goal was to purchase the medical office building that is only 50% occupied with maximum leverage.

TMG was able to secure a loan with 25% down payment which also included additional tenant improvement and leasing commission funds for lease up of the property.  They also negotiated 12 months of Interest only payments and no prepayment penalty on the transaction, as the buyers intend to sell in the next 3 years. 

Summary

Location:  Georgia
Property:  Medical Office Building
Loan Amount: $ 1,904,000
Interest Rate:  5.95%
Term:   12 month I/O, 3 Year term
Amortization:   25 Years 
Prepayment:   None
LTV:  78%



Full List of Recent Closings