Practice Loan Details
| Date: |
May 19, 2010 |
| Title: |
$1.03MM Dental Office Bldg. Purchase |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$1.03MM DENTAL OFFICE BLDG. REO PURCHASE 5.25% $2,000 DOWN. 25-YEAR AMORT. INCLUDED $475K BLDG., $125K BUILD-OUT, $100K NEW EQUIP., $250k IN PRACTICE DEBT REFI, AND 50K IN WORKING CAP. |
| Scenario: |
Dentist w/ existing practice was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.
Structured 98% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.
Closed in 45 days: 5/19/2010 |
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