$1.785MM Veterinary Practice Debt Consolidation and Real Estate Acquisition

Date:
March 06, 2020
Practice Type:
Veterinary Practice
Loan Scenario:
A successful Veterinarian came to 1st Med Financial looking for 100% financing for the commercial real estate of his current practice. He was also looking to refinance his current practice loan.

Closed - 03/06/2020

Loan Terms:
$1.785MM VETERINARY PRACTICE & COMMERCIAL REAL ESTATE ACQUISITION, 4.85% 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS, ON THE PRACTICE DEBT ($985K LOAN AMOUNT), 4.85% 10-YEAR TERM / 25 YEAR AMORTIZATION ON THE COMMERCIAL REAL ESTATE ($800K LOAN AMOUNT).

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