MedCapital Group Provides $1.6 Million in ASC Construction Financing

DALLAS -- MedCapital Group announces $1.6 million in construction financing for a 6,400-square-foot, two surgical suite ambulatory surgery center in Ohio. The loan structure includes an interest only variable rate at prime. Before approaching MedCapital Group, the borrower took this project to numerous lenders over several months without success.  The initial difficulty in obtaining interest in financing the project derived from a lack of effective communication of the ASC business model, community need, and valuation of the special use facility. MedCapital Group, with the assistance of the borrower, was able to pull all the supporting information together and present a compelling package to a receptive lender, thus securing the financing.

“Many real estate lenders do not fully appreciate the ASC business model and the vital service it provides a community.” stated Todd Tidmore, managing director of MedCapital Group.  “It is our job to make sure we have a thorough understanding of our client’s goals, so that we can make suggestions on the best way to structure a transaction and secure the necessary financing.”  Tidmore continued, “We were pleased that we could provide the vital communication link between the parties and negotiate a competitive structure.”

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: MedCapital Group