Cliff Valley Medical Office
StackSource recently sourced a refinance and cash out of this owner-occupied medical office. The property was purchased by the current owner/operators in 1987. The immediate area has since seen significant growth. Most recently Children’s Healthcare of Atlanta opened the new Egleston Hospital adjacent to the subject property. The client's previous lender did not want to provide a cash-out loan due to the current economic environment. Capital Advisor, Andrew Bouton, worked with an out-of-state credit union to secure an 80% LTV facility allowing the client to capture some equity from the property. The loan came with a 3.50% fixed rate for 10 years based on a 30-year amortization schedule and no intangible taxes due at closing.