| Date: |
January 10, 2017 |
| Title: |
$1.13MM Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$1.13MM DENTAL PRACTICE DEBT CONSOLIDATION, 3.54% 10-YEAR FIXED TERM |
| Scenario: |
A successful general dentist located in Florida was looking to consolidate his practice and equipment loans. The reason he was looking to do this was to increase his monthly cash flow and lock in on the historically low rates.
The issue this particular dentist was having was he did not have much liquidity because he was building a new home. He also had to make payments on his current home while he was building the new house. This caused his monthly expenses to increase much higher then he preferred.
Due to the favorable rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $3,500 a month, even after taking out an additional $75K in working capital.
100% Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans & working capital.
Closed: 01/10/2017 |
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