Practice Loan Details
| Date: |
August 25, 2011 |
| Title: |
$1.1MM Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$1.1MM DENTAL PRACTICE DEBT CONSOLIDATION, 6.75%, 15-YEAR FIXED TERM |
| Scenario: |
Sucessful Dentist looking to refinance and consolidate his current practice debt (practice acquisition & equipment = $1.1MM).
Conventional Practice Loan Proposal Issued:
Financing structured to consolidate all practice debt
Re-Amortized over 15 years at 6.75% Fixed resulting in a monthly cash flow increase of $4,456. ($53,472 p/yr.) |
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