$428K Dental Practice Acquisition & Merger

Date:
December 28, 2017
Practice Type:
Dental Practice
Loan Scenario:
A successful dentist was looking to acquire a neighboring practice to merge into her first practice. The would allow the selling dentist to merge his practice into hers and continue to produce as he transitions into retirement over a 3 to 6 months period.

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

Loan Terms:
$428K DENTAL PRACTICE ACQUISITION. 5.35%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Contact one of our experienced Practice Loan Advisors at (800) 318-7125.