| Date: |
July 14, 2015 |
| Title: |
$910K Dental Practice 4th Location Acquisition |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$910K DENTAL PRACTICE 4TH LOCATION ACQUISITION, 5.68%, 10 YEAR FIXED TERM |
| Scenario: |
A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his current practices. 1st Med Financial had already secured financing for two other practices that the doctor purchased in April 2015. The Dentist, currently has an opportunity to purchase a practice for $1.2 million. The doctor only needed financing for $910K since the seller would be staying on and holding a second note on the practice.
The doctor felt very comfortable coming back to 1st Med Financial. We already helped him get loans on two other practices. The doctor appreciated the level of advice and expertise that 1st Med Financial provided on his previous deals.
1st Med Financial worked with the doctor and all affiliated parties to get financing in a very short time frame.
Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..
Closed: 07/14/2015 |
| |
|
|
