Practice Loan Details
| Date: |
May 06, 2015 |
| Title: |
$1.6MM Dental Practice Real Estate Acquisition |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$1.6MM DENTAL PRACTICE RE ACQUISITION, 6.00%, 25-YEAR TERM, 6.00%, (Prime + 2.75%), 25-YEAR TERM |
| Scenario: |
A successful Dentist in Mississippi was looking to purchase the building where he was currently leasing space.
Unfortunately he was already turned down by a bank and thought that purchasing the real estate might not be possible. He decided to give 1st Med Financial a call even though he did not expect much. To his surprise he was able to obtain an financing for the purchase of the building, and the consolidate his practice debt.
SBA 7(a) Practice Financing structured to purchase the real estate and consolidate the practice debt along with loan related soft costs.
Closed 05/06/2015 |
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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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