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The Madison Group arranged a $1,248,000 non-recourse loan to purchase a medical office building in Tennessee.

Tags: non-recourse, non-recourse loan, non-recourse financing, commercial loan, commercial real estate loan, max leverage loan, medical office building, medical office financing, medical office building loan, medical office building lender
Wednesday, Apr 27, 2022
by Jared Shupe

The Madison Group (TMG), a leading national lending source for medical office real estate financing, arranged the $1,248,000 purchase financing for a medical office building in Tennessee.

The client is a growing investor group focused on medical office buildings. They have expanded their footprint from the west coast to nationwide, searching for quality investments particularly in the medical space.  With solid banking relationships in the West, they called upon The Madison Group to find them a lending partner that could grow with them on projects east of the Mississippi.  The Madison Group sourced a national lender that specializes in medical office lending and offers non-recourse financing.  Despite delays in the due diligence process, the with collaboration from the Bank, Borrower and The Madison Group, the lender closed on time with rates and terms as originally proposed.    

Location:  Hermitage, TN

Property:  Medical Office Building

Loan Amount: $1,248,000

Interest Rate:  3.95%

Term:   7 Years; 5 year re-price

Amortization:   30 Years

Prepayment:   3, 2, 1, in years 1-3; None thereafter.

LTV:  65%

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