»$2.9 Million Medical Office, Chattanooga TN
Posted by Loan Closed
The Borrower acquired the property utilizing a 1031 exchange to move the profits from the sale of another property to the subject. Conventional financing could not meet the timelines required by the exchange. The property is a Class A Professional Building built in 2007. The 3 story building consists of 30,370 square feet (26,150 rentable) equipped with high-end features to accommodate modern medical practices.