Practice Loan Details
| Date: |
June 16, 2014 |
| Title: |
$643K Funeral Home Construction |
| Practice Type: |
Death Care Practice |
| Loan Terms: |
$643K FUNERAL HOME ACQUISITION / CONSTRUCTION, 6.00%, (Prime + 2.75%), 25-YEAR TERM |
| Scenario: |
An experienced Director was looking to purchase a building and renovate so he could relocate his practice. The new location was approximately 3,000 square feet.
100% SBA 7(a) Practice Financing structured to purchase land & building, renovate the building, purchase furniture, fixtures, working capital and loan related soft costs.
6-month interest only contingency built into loan during construction followed by P&I payments.
Loan Proposal Issued: 06/18/2014 |
| |
|
|
|
1st Med Advantages
 48 Hour Pre-Approvals |
|
| Direct Industry Knowledge |
|
| Streamlined Closing Process |
|
| No Up-Front or APP Fees Ever! |
|
|
