Medical Office Feasibility Study in the Cleveland, OH Metro Area

Cleveland medical offices: tiny loans, high cancellation floor

Medical offices for physicians rank tenth locally in Cleveland, 10 of 39, and the metro stands 34 of 488 nationally, with a location quotient of 0.43x. The 41 loans total only $11.9 million across FY2017 to FY2026. The midpoint of $100,000 in Cleveland translates to 0.29x against the national class, and loans from $50,000 to $400,000 make up the central half. These are practice-scale loans, not building purchases.

All 41 loans are 7(a), with none on 504, which fits a market that finances equipment, start-ups and practice acquisitions more than owner-occupied buildings. Franchise flags are absent (0.00%). On the holder list, The Huntington National Bank has 18 loans worth $2.8 million, and KeyBank National Association has 7 worth $1.2 million. Treat each holder entry as a record of loans held, nothing more, and not as a statement about underwriting.

Counties and loss floor

Cuyahoga County, OH has 21 loans, Medina County, OH 7 and Geauga County, OH 5. A floor of 20.0% describes cancellation for FY2017 to FY2024 approvals; the ceiling and charge-offs are suppressed on a thin cohort, which is no zero. That is the highest cancellation floor among the cells in this set.

From the yearly record: 5 loans and $330,400 in FY2017; 6 and $2.4 million in FY2020; 6 and $1.1 million in FY2021; 6 and $1.4 million in FY2022; 5 and $802,600 in FY2023; 6 and $1.3 million in FY2025. FY2019 and FY2026 are empty years, and FY2018 and FY2024 are held back. Read every Cleveland figure with the boundary in mind: it follows project counties under the 2023 delineation, not the loan's mailing address.

What a Cleveland medical office study has to test

The study tests the physician population, referral patterns, payer mix and competing practices, then sets a purchase or build-out cost against the $100,000 median and shows collections carrying debt service coverage. A practice buying its building would move into a different range from the one these loans occupy. The appraisal values goodwill apart from property. Loan Analytics issues each Cleveland report under the name of Daniel Smith, MAI, and makes no promise about what a lender will decide.