| Date: |
April 22, 2015 |
| Title: |
$715K Dental Practice 3rd Location Acquisition |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$715K DENTAL PRACTICE 3RD LOCATION ACQUISITION, 5.68%, 10 YEAR FIXED TERM |
| Scenario: |
A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his other practices. He had a great opportunity to purchase a practice for $715K.
The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. He had recently purchased two practices in the last 12 months and he was finding it difficult to get additional financing. The other issue was understanding the doctor's business plan and get comfortable that this practice was a good fit for him.
1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.
100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..
Closed: 04/22/2015 |
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