The
Madison Group (TMG), a premier national provider of financing for medical
office buildings, arranged a $1,650,000 loan for the acquisition of a surgical
center medical office building (MOB) in Texas.
Working
closely with this repeat client, TMG explored various financing options for the
triple-net property, which was located outside the client's primary investment
market. While the borrower had received offers from his existing relationship
lenders, he sought to ensure that the terms being presented were the most
competitive in the current market. Through its market expertise, TMG identified
a lender offering significantly more favorable rates, including a 30-year
amortization schedule, which enhanced the borrower’s day-one investment return.
The lender
agreed to lock the rate for 90 days, providing ample time for additional due
diligence. Ultimately, the loan closed as initially proposed, on schedule, and
with the original terms in place, highlighting the collaborative efforts
between TMG, the borrower, and the lender to ensure a seamless transaction.
Property: Medical Office
Location: Texas
Loan Amount: $1,650,000
Interest Rate: 6.13%
Term: 5 years
Amortization: 30 years
Prepayment: None
Guarantee: Recourse