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LUBBOCK, TEXAS — MedCapital Group has secured $3.11 million on construction financing for the development of a 10,000-square-foot radiation center located in Lubbock. The loan carries a 6 percent fixed interest rate with interest-only payments for the first 18 months, followed by a 3-year term with a 30 year-amortization schedule thereafter. The financing package also included a $300,000 revolving line of credit with a variable interest rate based off of prime plus 1 percent, and a 6.5 percent floor. The borrower is a partnership between seven urologists and a professional management company. The lender was undisclosed.