$1.026MM Optometry Practice and Real Estate Acquisition

Date:
January 24, 2020
Practice Type:
Optometry Practice
Loan Scenario:
A successful Optometrist was looking to purchase the practice that he was associating at for a number of years. He came to 1st Med Financial to get 100% conventional financing on the Practice and a conventional loan on the real estate.

Closed on 01/24/2020

Loan Terms:
$1.026MM OPTOMETRY PRACTICE & COMMERCIAL REAL ESTATE ACQUISITION, 4.90% 10-YEAR FIXED TERM ON THE PRACTICE DEBT ($450K LOAN AMOUNT), 4.90% 10-YEAR TERM / 25 YEAR AMORTIZATION ON THE COMMERCIAL REAL ESTATE ($576K LOAN AMOUNT).

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