Practice Loan Details


Date: February 10, 2012
Title: $550K Optometry Practice Bldg. Acquisition
Practice Type: Optometry Practice
Loan Terms: $550K OPTOMETRY PRACTICE BUILDING, 6.00%, 100% FINANCING, 10-YEAR FIXED/25-YEAR TERM.

Scenario: Successful Optometrist with a proven existing practice was looking to acquire the building her practice occupied. She approached 1st Med looking for as close to 100% financing as possible.

100% SBA 7(a) Financing structured minus $10K for third-party reports.

Closed 02/10/2012

   

 

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