Practice Loan Details
| Date: |
December 29, 2011 |
| Title: |
$950K Optometry Practice Acquisition |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$950K OPTOMETRY PRACTICE ACQUISITION, 6.60%, 10-YEAR FIXED TERM |
| Scenario: |
A successful MS Optometrist with a mobile practice serving assisted living facilities was growing tired of the travel requirements. When she found an existing fixed location for sale, she contacted 1st Med Financial.
100% Conventional Practice Acquisition Financing structured to acquire the practice and all assets. Also included $100K in working capital to assist with new branding and the transition period.
Closed: 12/29/2011 |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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