May 14, 2019

Optometry Practice

A successful Optometrist in Ohio was looking to refinance his Practice debt along with the commercial real estate of the practice.

The Doctor initially purchased both the practice and the commercial real estate with and SBA loan 5 years prior. He was not happy that his rates were going up since it was adjustable rate loan.

This was a great opportunity to get into a low fixed rate loan and still increase the doctor's cash flow.

100% Conventional Optometry Practice Financing structured to to refinance the practice and commercial real estate

Closed: 05/14/2019

$1.50MM OPTOMETRY PRACTICE & COMMERCIAL REAL ESTATE DEBT CONSOLIDATION, 5.18% 10-YEAR FIXED TERM ON THE PRACTICE DEBT ($510K LOAN AMOUNT), 5.47% 15-YEAR TERM / 25 YEAR AMORTIZATION ON THE COMMERCIAL REAL ESTATE ($990K LOAN AMOUNT).