Prescott Valley ALF initially used bond debt to fund the construction of its facility. The client needed to refinance the bond debt but was unsuccessful in finding a lender due to the unstable market caused by the COVID-19 pandemic.
If you’re struggling to secure the financing you need, Madison One CUSO can create a customized loan program that achieves your goals. Contact us today to learn if you’re eligible for our financing solutions.
The Problem: The Exceptional Health Care team was seeking competitive financing for the construction of an urgent care hospital in a rural area of Maricopa, Arizona. Their challenge was finding a lender that could provide the amount of financing required for this project on a strict timeline with competitive terms.
Our Solution: Madison One Capital was able to help
navigate the challenges of securing $10MM in construction financing using the USDA B&I program and met the expectations of the borrower’s timeline.
The Result: By utilizing the USDA B&I program for the construction of their facility, the borrower was able to benefit from a longer term, competitive rate structure and no balloon payment.
The Problem: Our client was unable to secure financing through conventional means due to a lack of marina ownership experience and a construction expansion component that complicated the transaction. When submitting the loan to the Small Business Administration (SBA) for approval, the client was denied because the SBA claimed the marina was classified as a passive business.
Our Solution: We determined that the SBA incorrectly applied regulations, but Madison One is always prepared for this situation. Our team conducted extensive research of the SBA regulations, prepared a strong response letter, and provided numerical data.
The Result: Due to the strong response letter from Madison One, the SBA approved the loan for Port Charles Harbor Marina.