MRI Project Funding - Full Service
MRI Project Financing: Expert Assistance Negotiating with Lenders, Funding terms and agreement. - Module #9
Securing Lender Funding
Over time, our consulting group principal has developed MRI Imaging Center Project loan relationships with top-tier Banks and Lending Institutions. When appropriate, we leverage those relationships for our clients' financial and professional benefit.
These lenders have been responsible for developing some of the most competitive rates and terms possible for our client MRI Imaging Center projects.
We will also work closely with any lenders of your choice and strive to arrive at the best possible funding agreement and terms.
We provide expert assistance in obtaining multiple lender financing options for client review. We create project summaries and descriptions of lender proposals as needed, provide feedback, and help project client partners make the best choices.
Each lender's terms, rates, and requirements can vary greatly, so the client must compare and weigh them.
Each lender will require varying amounts and types of information from a potential lending client and will provide a framework for the needed project collateral status.
We can assist the client in understanding the requirements of lenders and can shape and summarize each lender’s requirements, terms, and conditions for our clients to review.
We also educate the lender, discuss the many positive aspects of the client's MRI project, and advise on its probable success based on our experience and industry knowledge.
We recently completed our most considerable funding and build-out project work for an Orthopedic and Spine Group.
The project included completing the gutting and retrofitting of a 27,000+ square-foot retail building during the pandemic.
Nevertheless, we achieved the build-out of a gorgeous state-of-the-art MRI Imaging Center, including a two-suite ambulatory surgery center and a full Orthopedic and Spine center of excellence.
We negotiated a build-out and startup loan of over $9,000,000 to facilitate the project, with highly competitive terms and rates. The loan included a long period of interest-only payments and did not require the onerous personal client liabilities that an SBA loan would have.
When working with lenders in the sometimes challenging efforts necessary to secure MRI Imaging Center Project funding, we help consolidate Lender and Borrower information, expedite efforts and streamline the process where possible, clarify processes and terms for our clients, and, when requested, provide experienced professional negotiations on your behalf with lenders.
We understand the business of medicine and have been able to translate this into excellent lender outcomes for our clients.
Another valuable service we provide during construction is to manage the monthly builder construction draw request and payment application.
The builder can apply for payment once we review each construction draw request and verify that the work is complete. This process eliminates a time-consuming and frustrating one for our client. It has a proven track record of saving money, keeping the builder focused on accountability, and delivering actual results.
In this Consultation and Assistance Module, we address:
- The process and role of the interface between the process client and the consultant are in this project area.
- Project lending needs for your project.
- Project lending is available for long-term purchases and/or shorter-term lease agreements. This applies to equipment like MRI Magstartupart-up and Operational Costs, conventional twenty-year project building loans, and design-and-build contracts.
- Shopping your loan with high-quality, competitive lenders, negotiating the best terms and rates with each, and providing review and guidance for our clients.
- Please feel free to ask any questions you may have about possible lender terms, limitations, and reviews of special lending needs, as well as about client concerns related to any special lending needs they may have.
- How can we assist with reviewing construction pay applications throughout the project? We can verify whether the work is satisfactory or needs to be completed before the pay application is approved and paid.
- If needed, we create project Financial and Business Viability Analyses to facilitate the loan application and approval.
- Any request to utilize Lenders requested or recommended by the client group.
- Understanding the possible lender requests of the clients to underwrite the project loan.
- Bundling and presentation of all client medical business loans for underwriting and loan consolidation is often possible.