$1.14MM Dental Practice Debt Consolidation

Date:
June 11, 2018
Practice Type:
Dental Practice
Loan Scenario:
A successful general dentist located in North Carolina was looking to consolidate his dental practice and commercial real estate loan that he had in place. He currently had an SBA loan with an adjustable rate. He got tired of the interest rate hikes and wanted to get into a fixed rate.

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 a number of years from his current SBA loan.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 6/11/2018

Loan Terms:
$1.14MM DENTAL PRACTICE DEBT CONSOLIDATION, 5.50% 10-YEAR FIXED TERM

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