Refinance your radiology or imaging clinic property

Ardent Capital Group brings the same method to every client: execution and strategy, clear advice for smart lending, and long-term growth. That means the right lender, structure and timing, straight advice so you borrow with confidence, and today's deal built toward where you want to be tomorrow. On an imaging refinance the work is in keeping two clocks apart. The shielding is sunk into the building and the scanner has its own cycle, and a file that lets those drift together costs the owner room on both. We separate them, test whether the practice now reaches earnings-based lending, and stay with it past drawdown. Every figure is subject to serviceability, lender appetite and approval.

We refinance commercial facilities from $50K up to $30M on the property side, with the imaging equipment funded separately alongside it. The new property limit follows a fresh specialised-use valuation and current servicing, not what you originally borrowed.

Because this asset needs two conversations at once and most institutions are only good at one. We run the comparison across more than 40 lenders, work out which read a specialised-use valuation properly and which will assess the practice on earnings, and present to one at a time so your credit file does not collect an enquiry for every conversation. We also model the break costs, valuation and legals against what moving actually gains you.

60% to 70% of the current value as an owner-occupier, on a conservative specialised-use valuation. A building leased to an imaging operator usually sits a step lower at around 60% to 65%. The imaging equipment is funded separately and does not form part of that figure.

Because the improvements that make them work are single-use. Shielding, a reinforced floor for a magnet and dedicated power and cooling suit an imaging operator and very few other occupiers, so a valuer assesses them on a specialised-use basis and discounts them against cost. That is why the gearing sits below an ordinary consulting suite and why the equity at a refinance comes from the market and the amortisation rather than from the fit-out.

That is exactly why the two are kept apart. Heavy imaging is funded as large-ticket equipment finance, usually a chattel mortgage or a rental line held off the property security, so a magnet or a scanner can be replaced on its own cycle. Where an upgrade has previously been part-funded from the property facility the two have drifted, and a refinance is the point to separate them again.

Where it has the scale, yes, and it is a route that is not open to a buyer. Specialist healthcare lenders assess a practice on EBITDA and gross practice revenue, and one does not require a goodwill valuation at all. Published policy allows up to 3.5 times EBITDA for diagnostic services and day hospitals, or 70% of an external valuation. The thresholds are a minimum $1 million of commercial debt and $2.5 million of revenue, aimed at a large or multi-site metropolitan practice.

As fixed fit-out of the building, so they can often be funded within or alongside the property loan rather than on an equipment line. Where a room is being built out, a progress-draw facility releases funds against builder invoices through the works. The scanner that goes into the room stays on its own separate finance.

It affects how the income is assessed rather than the security itself. Licensing sits with the operating entity rather than with the property, which matters where the building is held separately and leased to the operator, because the rent a lender is relying on ultimately depends on it. We present the licensing, billing and referral position clearly so a credit team can rely on the income.

Yes, and it usually gears a step lower, around 60% to 65%, because the lender is relying on the lease rather than on your own trading. The lease term, the covenant behind the operator and whether the rent sits at market all come into it, and so does the licensing that sits with the tenant. We present the lease and the operator position together.

Often not. On imaging a decline frequently traces to a lender applying a standard commercial framework to a specialised-use asset, or to it having no route to assess practice earnings. Both are questions of which lender the file sits with. We look at how it was assessed and why the answer was no, then place it where that reason is not the deciding one.

Four to six weeks from application to settlement for a straightforward file. A specialised-use valuation takes longer to commission than a standard commercial one, a file that also moves equipment lines takes longer again, and SMSF refinances longer still. We give you a realistic timeline at the start so you can plan the expiry date around it.

The existing loan statements for the property and every equipment line, two to three years of financial statements and tax returns for the practice entity, the Medicare imaging licensing and billing position, referral and revenue figures by modality, personal tax returns and notices of assessment for the guarantors, and a statement of assets and liabilities. Where the building is leased to an operator we also need that lease.

The costs are a valuation, legal and settlement fees, any lender establishment fee, discharge costs from each current lender, and break costs where you are leaving a fixed rate. Where equipment lines are moving as well there are further payout figures to obtain. We put the real numbers against the benefit before you commit to anything.

Yes, it is possible, and we arrange these. It is also one of the more intricate refinances in commercial finance, and the detail is what decides whether it works. From 10 August 2026 a new arrangement can only be used for business real property, and premises used wholly in a business qualify. It has to stay the same single property, and it is limited to the balance outstanding plus accrued interest, so there is no top up, no redraw and no cash out inside the fund. Borrowed money cannot fund an improvement either, so fitting out another shielded room comes from the resources of the fund. The holding trust is reassigned to the incoming lender rather than dissolved, which carries a legal cost worth weighing against the gain. Your operating entity leases the premises back in writing, at market rent supported by an independent appraisal, and the rent has to actually be paid. Medicare imaging licensing sits with that operating entity rather than with the property. Cross-collateralisation is not available inside super. Plan on the basis that the equity release above does not apply inside a fund, the major banks have exited SMSF lending, and lenders want a liquidity buffer left in the fund after settlement. We know this sounds complicated, and we can assist to make things clearer. Reach out to our team and we will guide you through the entire process. We structure the finance, tell you which lenders will take imaging premises as SMSF security and on what terms, and bring in the SMSF specialists and licensed advisers who set the fund side up. You will not be working it out on your own.

Most of the time, no. Where a refinance requires significant preparation due to its complexity, a small mandate fee may apply, and we will always be upfront about this before any work begins.

Although we are based in Sydney, we service clients across all major Australian cities, including Melbourne, Perth, Brisbane, the Gold Coast, Adelaide, Canberra and Hobart, along with their surrounding regional areas. Wherever your clinic is located, we can arrange your finance.

Beyond refinancing the premises, we also assist with asset finance and working capital. On asset finance, that covers MRI, CT, X-ray, ultrasound and mammography units, reporting workstations, PACS and practice software. On working capital, we arrange business overdrafts, lines of credit and cash-flow funding to carry contrast, consumables and wages against the Medicare claim cycle, and we can fold these into the refinance where it makes sense.

Yes, and it describes most owners we speak to. The property facility is set up at settlement and then simply runs, because every conversation since has been about equipment. That is our core ethos, helping you understand the right strategy, structure and clear advice from the very first conversation. Our main borrower profiles are established business owners and commercial property investors with facilities from $50,000 upwards. We will start by separating the property from the equipment, telling you what the premises are likely to value at now, what sits on each line, what moving costs, and whether it is worth making. If it is not, we will say so and you can stay where you are.