Commercial Real Estate Funding for Medical Office Buildings Could Help Save Owners From Bankruptcy

May 17, 2010 • Boulder, CO – ICP Financial (ICP), a buyer of bank-owned commercial real estate notes, and America’s premier source of private financing for commercial real estate properties in distress, announced its new loan program for medical office buildings.

“This is an extremely exciting time for our prospective clients,” says Brad Wozny, Managing Director at ICP. “The capability of being able to fund bridge loans and commercial real estate loans and refinances of 90% loan to value or better on medical office buildings nationwide when given enough time, could help to ensure those owners avoid foreclosure and quite possibly even bankruptcy”.

Given the current conventional commercial real estate financing environment today, there is little alternative for owners of medical office property in the United States. As a result, ICP Financial saw a critical need in the marketplace to address the upcoming flood of commercial real estate loan adjustments on this property class, and provides a handsome program for those owners to refinance, receive a bridge loan, or obtain acquisition financing for these properties.

“Now, doctors who have bought their office building years ago by personally guaranteeing the loan on their property, when they act fast enough, no longer need to worry about being foreclosed on thanks to this program. We can provide funding in as little as 12 business days.”