Veterinary Hospitals Hard Money Loan in Florida and Massachusetts

Property Highlights

Quick purchase financing is being arranged for two separate medical office assets leased to large veterinary operators. The assets are located in Pace, FL, and Sandwich, MA. The first property, located in Pace, FL, features a stable property with a 10-year lease in place with a long-term operator. The tenant is a prominent national veterinary operator. The second property, situated in Sandwich, MA, also has a 10-year lease under the management of a leading veterinary healthcare provider.

About the Neighborhood

Both properties are situated in areas with strong commercial appeal and community infrastructure which supports specialty medical services. The Pace, FL location benefits from its proximity to major urban centers and has a good population, making it a favorable business environment. Similarly, the Sandwich, MA site is part of a community with a growing demand for veterinary services and a solid population base. Each location supports robust local economies, contributing to the stability and growth potential of these investments.

Why We Like This Opportunity

These are repeat borrowers with whom we closed a separate successful deal with. The borrower’s plan is to purchase the assets, let them cashflow, and add them to their portfolio. They’re experienced investors/managers in veterinary real estate with a substantial net worth and a significant track record of successful veterinarian property management across the country. They have built an impressive portfolio of veterinary hospitals, with a majority of that portfolio having bank financing. They bring not only financial strength but also deep industry expertise to the table, significantly de-risking the investment.

Experienced Borrower

The borrower is a successful real estate investor in high-end real estate industry in Florida. He’s sold multiple Florida homes for over $2M+ and has a high net worth and strong liquidity.

Seniority

The first-priority mortgage lien position is the most senior and highest priority within the capital structure. In the event that a borrower defaults, the lien priority determines the order in which lenders are repaid. Senior lenders are always repaid first. All subordinated positions, including the amount held by the Originator and its investor syndicate, act as a buffer in the event of a deterioration in the Properties’ value.

Personal Guarantee

The Loans are personally guaranteed by the borrower, spouse, and all principals in the LLC. Additionally, the Sponsor and/or Guarantor are obligated to contribute monthly payments to maintain a tax and insurance reserve. Failure to adhere to reserve contribution requirements would lead to the triggering of a debt service and operating expense/shortfall guarantee.