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%