Transaction Overview
Compass Commercial Mortgage, Inc. (“Compass”) served as the exclusive financing consultant to a leading area cardiology practice (“CP”), arranging the construction and mini-permanent loan for CP’s new ambulatory surgical center in Jupiter, Florida.
Upon completion, the three-story, 16,395 ± SF facility will feature a state-of-the-art surgical center with supporting medical office/clinical space. The improvements are on a 1.35 ± Acre ground-lease parcel and will be 100% occupied by CP and its related entities.
Compass Role
CP engaged Compass to structure and secure financing for their ambulatory surgery center. By delivering a comprehensive, decision-ready loan package and fostering competition among qualified lenders, Compass ensured multiple financing options and best-in-class terms. The final structure achieved:
💰 85% loan-to-cost / market value advance covering construction, equipment, and operating funds during stabilization.
📉 Aggressive portfolio interest rate with a forward rate lock and an initial interest-only period.
🧾 Limited personal guarantees proportionate to each principal’s ownership interest.
🔁 Flexible 3-year declining prepayment penalty supporting optional early payoff.
About Compass
Compass is a full-service boutique commercial mortgage brokerage operating for Borrowers since 1996 and specializing in the professional underwriting, packaging, negotiation, and placement of commercial real estate debt throughout the State of Florida and nationwide. We believe commercial real estate finance to be an active process. We remain fully engaged in each transaction from the first conversation to the loan closing. It is specifically this attention to detail that leads to superior outcomes for our clients, including better loan terms and structure, rapid execution, lower interest rates, and reduced closing costs.