The Borrower is the owner and Lessor of a medical office building. It is located on 0.40 acres of land owned by the Borrower is has a gross square footage of 16,535 sf. It can be thought of as consisting of three parts, the administrative space leased and used by the hospital totaling 6,762 sf, physician office space totaling 6,573 sf and outpatient rehab space totaling 3,200 sf.
The physician office space is further broken down in three parts, a specialist physician space totaling 1,200 sf, an employed physician space totaling 3,573 and a private practice physician group space totaling 1,800 sf (for a total for the three of 6,573).
|Guaranty Type||USDA B&I|
|Loan Term||24 yrs|
|Participation Availability Amount||$356,500|
|Minimum Participation Amount||$250,000|
|Original Loan Amount||$5,000,000|
|Full Loan Documentation||Link|