Medical Office Feasibility Study in the Oklahoma City, OK Metro Area

Medical offices in the Oklahoma City area

Medical offices for physicians come ninth of 39 among the classes in the Oklahoma City, OK area, and the area stands 50 of 488 nationally. Totals for FY2017 to FY2026 are 27 loans and $11.6 million. A 0.97x location quotient is almost at parity, and the median loan of $200,000 is 0.58x the median loan nationally for the class, so the usual loan is much smaller than the national typical.

Range, brands, holder and county

From $100,000 to $520,000 spans the central half of the loans. No loan has a franchise brand attached; the share is 0.00%. Oklahoma County, OK records 21 loans. Arvest Bank prints alone as a holder, at 5 SBA 7(a) loans and $732,100. Program mix goes unprinted.

FY2018 shows 5 loans and $822,200, and FY2020 shows 5 loans and $863,100. In FY2021 the entry is 0 loans and $0, so no medical office loan was approved. FY2022 shows 5 loans and $3.5 million, a much heavier dollar total at the same count. Years that are unlisted have counts too small to publish. With a base under 30 loans, the page has no published rate for loans cancelled or charged off.

Testing a physician office in Oklahoma City

Smaller loans suggest practice start-ups, fit-outs and equipment, with fewer building purchases. A study should name which. It must test the patient volume a practice can reach, payer mix and reimbursement, the number of providers and the time to build a panel, and what build-out and equipment cost relative to a typical loan of $200,000. Debt service should be shown while the practice is still ramping up. A lender will ask about the practitioner's credentials and licensing, and about referral relationships. Where the practice owns its building, the appraiser ought to value the building apart from the practice, and the study ought to say whether the loan pays for the building, the equipment or the working capital of the first months. Referral sources matter as much as location, so the study should show how patients will actually find the practice. Oklahoma City membership follows the county of each financed office, as listed in July 2023.