New Medical Real Estate Loan Program For Texas and Louisiana
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A new program for doctors in Louisiana and Texas from Capital One is targeted at doctors to allow for reconstruction and renovations of their practices. Typically loan programs are limited to 80 percent financing over a 15 year window, but Capital One’s program will offer 100 percent financing for the doctors.
This should help medical offices re-open quicker after the storms that have devastated the Gulf Coast over the past few years.
The pilot program, called the Medical Real Estate Loan program, will give loans to doctors and dentists who want to purchase, build or renovate existing real estate in order to start or expand their private practice. The loans can also be used to upgrade equipment and/or refinance existing loans.
The program offers 100 percent financing on 15-year loans. Typically, doctors and dentists are restricted to 80 percent financing over 15 years. via Austin Business Journal
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