Practice Loan Details
| Date: |
January 12, 2018 |
| Title: |
$1.2MM Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$1.2MM DENTAL PRACTICE DEBT CONSOLIDATION, 5.29% 15-YEAR FIXED TERM |
| Scenario: |
A successful general dentist located in Missouri was looking to consolidate his commercial real estate loan (on the dental office) and his practice loan. He currently had an SBA loan with an adjustable rate. His practice was doing extremely well and he wanted to get into a fixed rate even if it meant shortening the term of the loan.
Due to the favorable fixed rate and term of the new loan, the doctor was able to slightly increase his monthly cash flow while cutting off 8 years from his current SBA loan.
Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.
Closed: 01/12/2018 |
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