| Date: |
September 09, 2014 |
| Title: |
$610K Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$610K DENTAL PRACTICE DEBT REFI 5.50%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS |
| Scenario: |
A successful general dentist located in Maryland was looking to consolidate his current practice debt into one low easy to manage payment.
The practice debt included two business credit cards at high interest rates. The Practice loan was also secured by a mortgage on a commercial property the dentist owned.
The doctor was able to increase monthly cash flow by combining several high interest rate business loans at a much lower rate and by re-casting his debt over 15-years. He also transferred his real estate debt to be included in the loan.
Conventional Dental Practice Financing structured to consolidate practice loan & real estate debt.
Closed: 09/09/2014 |
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