| Date: |
August 30, 2016 |
| Title: |
$1.35MM Optometry Practice 2nd Location RE Acquisition and Working Capital |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$1.35MM OPTOMETRY PRACTICE 2ND LOCATION RE ACQUISITION & WORKING CAPITAL, 5.25% (Prime + 1.75), 25-YEAR TERM |
| Scenario: |
A successful Ohio Optometrist with two locations was looking to purchase the commercial real estate where he recently moved his second location practice to. He was also looking for working capital for minor improvements to the building and to purchase additional equipment.
1st Med Financial had worked with this doctor on a the purchase of the commercial real estate of his 1st location in 2013. He was very happy with the service provided on his first transaction and wanted to work with us again on this loan.
100% SBA 7(a) Practice Financing Structured to provide financing for the purchase of the commercial real estate of his 2nd practice, improvements and equipment and working capital needs.
Closed 08/30/2016 |
| |
|
|
