Location: Tempe, AZ
Loan Amount: $4,000,000
Loan to Value: 60%
Loan Type: Cash-Out Refinance
We are delighted to announce the successful closing of a $4,000,000 cash-out refinance for a medical office building located in Tempe, Arizona. The loan, which was leveraged to 60% Loan-to-Value (LTV), closed in a record time of just 10 days, demonstrating our commitment to providing fast and efficient financial solutions to our clients.
The cash-out proceeds will enable the owner-operator, a leading provider of behavioral health services, to utilize the funds to continue expanding their operations and meet the growing demand for their services in the sector. The infusion of capital will support the development of new facilities, acquisition of equipment, and hiring of top talent to ensure the highest quality of care for their patients.
This transaction highlights our ability to provide tailored financing solutions for healthcare facilities and other commercial properties, even in a challenging economic environment. We are proud to support the growth and development of healthcare providers, like our client, that are making a difference in their communities.
The medical office building in Tempe stands as a testament to the commitment of the owner-operator to provide exceptional care for individuals in need of behavioral health services. We are confident that the cash-out refinance will help them maintain their position as a leading provider in the industry and strengthen their capacity to serve more patients in the area.