Medical Office Feasibility Study in the Boston-Cambridge-Newton, MA-NH Metro Area

Boston compared with its state

Across FY2017 to FY2026, borrowers starting or acquiring doctors' offices in Boston received 118 approvals and $35.8 million in gross dollars. The local median is $100,000, 0.29x against the class's national median, as reported, so loans run smaller here. Across the country Boston stands 17 of 488 among metro and micro areas for these approvals, in practice, and inside the area the category stands 10 of 39 against its local peers. The location quotient, 0.65x, says medical offices for physicians form a smaller share of approvals in Boston than the nationwide mix. Loan sizes in the middle half stretch from $50,000 to $285,500 in Boston.

Medical office loans by program in Boston

Of the 118 loans, 104 are 7(a) approvals and 14 are 504 loans, by the file, which tells us which SBA route medical offices for physicians applicants tend to use around Boston. Within 504 lending, 8 loans sit with Granite State Economic Development Corporation. The franchise share for Boston is withheld by Loan Analytics, as it would rest on very few loans. The 7(a) holders for doctors' offices are led as follows: 48 loans sit with Eastern Bank, 7 with Rockland Trust Company and 6 with Citizens Bank, National Association. Every name listed is a present holder of the paper in SBA's own records; the table reports who carries the loans now, not who took the first decision or what any of them demands.

Where in Boston and when

Project counties rank Middlesex County, MA first (30), Essex County, MA next (22) and Norfolk County, MA third (22). FY2022 was the thinnest year at 5 approvals and $1.1 million; FY2026 was the fullest at 17 approvals and $7.5 million.

Reading the Boston floors with care

Boston should be judged as a county-built figure: SBA's county of the project, by the file, paired by name to 2023 areas, as a matter of record, decides inclusion for doctors' offices. Boston medical office approvals show at least 18.4% cancelled after approval for FY2017 to FY2024, a minimum; its ceiling is withheld, as too few loans stand behind it. A charge-off rate is not shown for doctors' offices in Boston, because the funded cohort of approvals is too thin to publish; this is not a finding of zero.

The questions a Boston study of medical offices for physicians must answer

Demand is where a study begins when medical offices for physicians are proposed for Boston: specialties and hospital ties, plus payer mix across plans. A record of 118 approvals serves as background, not evidence for one location. The coverage check should assume a sluggish first stretch, since Boston reports medical office approvals that did not go as approved. None of this amounts to a guarantee of approval; it only gives institutions and applicants a shared reference in Boston. The build-out budget should itemize rent and tenure of the space, plus records and billing systems, and then be compared with what Boston lenders approved: $100,000 at the median. Appraisal questions for medical offices for physicians in Boston include owned against leased space and physician transition risk.