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Veterans Affairs Health Center Fayetteville, NC Financed by Pinnacle

December 1st, 2015

Pinnacle Financial Group is pleased to announce that it recently completed the financing of a 275,000 S.F VA hospital in Fayetteville, NC. The VA Heath Care (HCC) opened November 3, 2015, providing exceptional health care to Veterans in Cumberland County and surrounding areas served by the Fayetteville VAMC. The new HCC relocates outpatient health care services from the campus of the Fayetteville, VA Medical Center and Village Green and Breezewood Primary Care Clinics. Heath care will be delivered to our Veterans through teams called Patient Aligned Care teams. Our Veterans will remain the center of their care team that includes their family members, and care givers. An estimated 66,000+ veterans receive care at this facility and the location will add roughly 630 jobs to the community.

Rustom Khouri of Carnegie Management headed up the project, saying “we were very pleased with the execution we got from CTL, Prudential and Pinnacle Financial Group on the deal. It really was a smooth transaction from rate lock to closing”. Pinnacle was able to arrange fully leveraged, long term, permanent financing on the project.

Pinnacle Financial Group, Inc. Recently Arranged Financing For A $13.35 Million Apartment Community Owned By Tenants In Common

November 10th, 2015

Cleveland, OH – Pinnacle Financial Group, Inc. (“Pinnacle”) is pleased to announce it recently arranged financing for a $13.35 million, Class-A apartment community consisting of 304 units in 17 two-story buildings in Yuma, AZ.

Pinnacle worked exclusively on behalf of the tenants in common to secure the 10-year, fixed rate, full-leverage, cash-out, non-recourse loan through one of their exclusive correspondent relationships.

Pinnacle was able to overcome considerable challenges on this transaction relating to the ownership structure, property performance and overall market conditions that many lenders considered to be non-starters.

• Ownership Challenges: Typically, long-term, fixed rate, permanent lenders require a tenant-in-common borrower structure to be consolidated into one limited liability company. Pinnacle was sensitive to the tenant in common owners’ desire to maintain the current ownership and was proactive in sourcing only loan proposals in which the lender and lender’s council were confident that the in-place ownership structure was acceptable as-is. In addition to keeping the current organizational structure in place, Pinnacle was able to ensure that numerous borrower controlled non-recourse carve-outs were guaranteed severally, as opposed to joint and several, a major benefit for the passive investors.

• Declining Performance Metrics: Pinnacle began initial underwriting and due diligence immediately…

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