Medical Office Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

516 medical office (physicians) loans in New York

Gross approvals of $321.6 million cover 516 medical office (physicians) loans in the New York area, FY2017 to FY2026. A midpoint loan is $350,000; the middle half covers $111,000 to $783,500. At 1.02x of the national median for medical office (physicians), New York sits above the national figure.

New York-Newark-Jersey City ranks 2 of 488 for medical office (physicians)

Counting New York-Newark-Jersey City by program, 7(a) has 431 loans and 504 has 85, so 7(a) is bigger. The 431 7(a) loans around New York-Newark-Jersey City have room for working capital; the 85 504 loans stay with fixed assets. Franchise loans are 2.1% of the New York-Newark-Jersey City record. Medical office (physicians) is 8 of 39 among classes inside New York and New York, NY is 2 of 488 among areas for it. At 1.02x on the location quotient, medical office (physicians) is larger in New York-Newark-Jersey City than across the country, which may mean depth or saturation; a study checks that. The busiest counties: New York County, NY at 88 loans, Kings County, NY at 71, Queens County, NY at 70. A New York site search crosses NJ, NY lines, and each state brings its own licensing setting.

Lenders and floors behind 516 New York loans

Annual loans peak in FY2018 at 70 ($37.7 million) and bottom out in FY2020 at 29 ($26.5 million). In New York, NY, 7(a) loans sit mostly with JPMorgan Chase Bank, National Association with 69 loans for $18.3 million; TD Bank, National Association with 68 loans for $31.0 million; Newtek Bank, National Association with 25 loans for $7.9 million. The 7(a) ranking splits: JPMorgan Chase Bank, National Association on loan count, TD Bank, National Association on dollars approved. For JPMorgan Chase Bank, National Association, the $18.3 million is what SBA shows it holding or having held, and that may vary from where the 69 began. For 504, Empire State Certified Development Corporation (62 loans, $67.0 million) lead the New York-Newark-Jersey City list. Cancellation after approval is 18.1% at minimum and 20.5% at most, for New York approvals of FY2017 to FY2024. New York, NY keeps its charge-off rate back: the 516 loans leave too few disbursed ones in the cohort, and that is not a zero.

The New York, NY study: demand, cost, coverage, appraisal at $783,500

Revenue around New York rests on how many clinicians the practice can seat, payer mix and nearby hospital affiliations, built from the ground up, not from 516 past loans. A sound New York budget names the months a new practice needs to fill its schedule, records and billing systems and staff recruitment, then tests each line against New York, NY comparables. Coverage in New York is tested at $350,000, $111,000 and $783,500 alike, because the record spans that range. Expect the New York appraisal to separate specialized buildout, the real estate and practice goodwill; a study that has already done so spares the applicant surprises in New York, NY. A $321.6 million record cannot approve a New York-Newark-Jersey City project, and no reading of it should be taken as a promise.

How to read New York, NY's $321.6 million

Each of the 516 loans in New York is assigned by project county. The July 2023 delineation puts New York County, NY inside New York-Newark-Jersey City, and every county is matched by name. The New York cancellation floor and the New York, NY charge-off floor rest on different cohorts, stated beside each rate.