MedCapital Group Provides $3.5 Million in Limited Recourse Financing for Ambulatory Surgery Center

DALLAS -- MedCapital Group announces permanent financing in the amount of $3.5 million for a multi-disciplinary ambulatory surgery center in West Texas. The loan structure includes a fixed rate of 6.19 percent with a 15-year term and 15-year amortization.

 The issues related to physician owner recourse were of particular importance to the borrower. Through MedCapital Group’s negotiations with the lender, a limited recourse structure was arrived at that was acceptable to both parties. The structure states that physician owners will provide personal guarantees for 125 percent of their pro rata share of the 15-year facility lease.

“Recourse is often a hot button issue with borrowers and lenders and can become an obstacle in finalizing a transaction.” stated Todd Tidmore, managing director of MedCapital Group. “We were pleased that we could negotiate a structure that included a highly competitive 15-year fixed rate and met the needs of both the borrower and the lender in regards to recourse.”

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

Source: MedCapitalGroup