Dominion Mortgage Corporation Funds Challenging $14M take-out loan on a medical facility in Georgia.
Dominion Mortgage Corporation, the 40 year old, national real estate loan provider, has provided a $14,000,000 loan on a medical center property located within a Georgia resort community. The financing was used to reimburse the sponsor for the building costs spent on development of the facility, which replaced an older, outdated property.
Constructed in 2018, the 76,000 square foot critical access hospital/medical facility is occupied by an experienced, profitable healthcare center operator on a long-term lease. The existing tenant provided a lease guarantee to help advance the new bank-rate, permanent loan.
The new financing was originated by Dominion Mortgage’s Loren Thall. The loan has a fixed rate of 5.35% for 10 years with a 25-year amortization. There is a limited prepayment penalty on the loan, which was based on 60% of value.
“Healthcare facilities are a tough sector to make loans in, but with our 25 years of experience in healthcare lending, we understand hospitals and medical real estate financing,” noted Thall.
Some of Dominion Mortgage Corporation’s other loan fundings over the past year have included: a $5,600,000 first trust deed loan on a food processing plant in central California; a $13,000,000, 24-month bridge loan and debt recapitalization on a hotel in Oklahoma; an $8,500,000 bridge loan on multiple industrial properties on the San Francisco waterfront; and a $5,025,000 permanent loan on an international airport rental car facility in Florida.
关于DOMINION MORTGAGE CORPORATION
Dominion Mortgage Corporation由商业房地产融资老手Paul Horvitz于1977年成立，是一家“全国性”房地产贷款提供商，贷款起价为1000000美元，最高可达30000000美元。 除了为单租户、业主自用和大多数其他类型的房地产提供融资外，Dominion还因能够为其他贷款人回避的房地产提供融资而享有声誉，如医疗设施和其他独特的交易。 该公司为大多数商业房地产类型提供有竞争力的价格，包括办公、工业、酒店、多户型和特殊用途房地产。 这包括医疗办公室、诊所、医院和大多数长期护理设施的医疗房地产贷款，如独立生活、辅助生活和熟练护理设施。