The main issue the buyer was having was that she had a loan modification done a few years back. A couple of lenders had already turned her down. That is when she decided to contact 1st Med Financial to see if we can help her with the deal.
At 1st Med Financial, we were able to analyze the costs that could be cut during the merger. We also looked at consolidating the dentist's original debt. Even though it was a small amount, the payments were high and by including it in the loan, the cash flow would increase dramatically.
100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, debt on her current practice & working capital.
Closed: 12/28/2017
Please contact one of our experienced pracitce loan advisors at 800-318-7125.