CPC SECURES $4 MILLION MEDICAL OFFICE ACQUISITION LOAN

GRANBURY, TEXAS — Commercial Mortgage Connection (CMC) has secured a $4 million acquisition loan for a 21,000-square-foot medical office building located at 805 Hill Blvd. in Granbury. The fully occupied property is situated within the Avalon Medical Park office complex. Terms of the financing include a 5-year term with a 25-year amortization schedule, a 5.75 percent interest rate and an 80 percent loan-to-value ratio. Bill Jackson of CMC arranged the loan on behalf of Avalon Medical Partners LP with a large commercial bank. Chris Cantwell of Fidelity National Title of Fort Worth assisted with the closing.