Presidential Bank is committed to transforming cardiovascular care by partnering with cardiovascular providers that want to build new or expand existing surgery centers. Long-term partnerships with MedAxiom and its members are developed by providing affordable and flexible capital. These partnerships help MedAxiom and its membership accomplish their goals, drive better outcomes, lower costs and improve patient and clinician experience.
De novo and expansions of existing ASCs
Equipment, tenant improvements, working capital, medical office buildings
Working Capital Lines of Credit, Mortgages, Commercial Loans
Presidential Bank, formed in 1985, is headquartered in Bethesda, Maryland and does business throughout the United States. The bank is privately held and has operated continuously under the same ownership and management since its inception. With assets in excess of $800 million, Presidential Bank operates as a national bank regulated by the U.S. Office of the Comptroller of the Currency. They take pride in their stability and nearly 40-year record of building strong and enduring relationships in commercial lending, home mortgage lending, and banking services.
Tim Vertz | VP, National ASC Medical Finance Group
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Presidential Bank formed the National ASC Medical Finance Group, to offer lending opportunities and other banking services in the ASC market. The leadership in this division has in-depth knowledge of the risks associated with developing a new surgery center, the equip-ment and technology needed, as well as reimbursement issues and government regulations. Services include financing for equipment, tenant improvements, working capital, and medical office buildings.