Recent Closings & Loan Proposals

May

15

2017

$500K Pharmacy Practice Start-Up
Pharmacy Practice
May

15

2017

$500K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $500K PHARMACY PRACTICE START-UP, 6.75% (PRIME + 2.75), 10-YEAR TERM

Scenario: A Pharmacist with 20 years of experience wanted to go out on his own and start up an independent Pharmacy. Having trouble securing the necessary financing, the Pharmacist contacted 1st Med Financial.

We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 05/15/2017

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May

08

2017

$850K Dental Practice Real Estate Acquisition
Dental Practice
May

08

2017

$850K Dental Practice Real Estate Acquisition
Dental Practice
Loan Terms: $850K DENTAL PRACTICE RE ACQUISITION, 6.00%, 25-YEAR TERM, 6.00%, (Prime + 2.25%), 25-YEAR TERM

Scenario: 1st Med Financial had just helped two successful dentists in Idaho purchase the dental practice they were working at. They now wanted to close on the commercial real estate that the practice was located in. This was about 2 months after closing the practice acquisition loan.

The dentists originally came to 1st Med Financial to help them out, since the banks they approached wanted either an equity injection from the borrowers or a substantial seller note from the owner. Neither of these two options were a possibility.

1st Med Financial had numerous discussions with both the borrowers and the sellers. 1st Med wanted to really understand the transaction and the ultimate goal of both parties. Closing on the commercial real estate would actually help the new owners cash flow moving forward.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, and working capital needs.

Closed: 05/08/2017

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Apr

17

2017

$1.985MM Optometry Practice & RE Acquisition
Optometry Practice
Apr

17

2017

$1.985MM Optometry Practice & RE Acquisition
Optometry Practice
Loan Terms: $1.985MM OPTOMETRY PRACTICE & RE ACQUISITION & WORKING CAPITAL, 5.00% (Prime + 1.50), 25-YEAR TERM, FIXED RATE

Scenario: An experienced optometrist and her husband were looking to purchase a successful practice in Maryland. The owner was looking to sell the practice and the commercial real estate in one transaction. The issue the borrowers were having, was that they needed 100% financing and the seller was only willing to hold-back a note for 10%. They were having a difficult time finding a loan to cover the price with the real estate involved. That is when they came to 1st Med Financial.

We were able to structure the deal in one loan for 100% financing. We were also able to get the loan amortized over 25 years and include $125K in working capital at a low fixed rate.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the optometry practice, commercial real estate and working capital needs.

Closed: 04/17/2017

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Apr

14

2017

$303K Dental Practice 2nd Location Acquisition
Dental Practice
Apr

14

2017

$303K Dental Practice 2nd Location Acquisition
Dental Practice
Loan Terms: $303K DENTAL PRACTICE 2ND LOCATION ACQUISITION, 5.37%, 10 YEAR FIXED TERM

Scenario: A very successful Dentist in Arizona was looking to purchase his 2nd practice in neighboring town. The Dentist already owned a successful practice. He initially went to the bank that financed his 1st practice but they turned him down. The issue was that they required an updated lease on his first practice and that would not be possible for at least a few months.

This was a great opportunity and the dentist needed to move fast. That is when he decided to contact 1st Med Financial. We analyzed the new practice and due to the strong cash flow concluded that it could stand on its own.

1st Med Financial has access to a number of different practice financing programs. 1st Med Financial was able to get the Dentist Financing at a low 5.37% interest rate fixed for 10 years. There was not a requirement to extend his lease on his first practice.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/14/2017.

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Apr

03

2017

$1.575MM Dental Practice Acquisition
Dental Practice
Apr

03

2017

$1.575MM Dental Practice Acquisition
Dental Practice
Loan Terms: $1.575MM DENTAL PRACTICE ACQUISITION. 5.23%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: Two successful dentists in Idaho, were looking to purchase the dental practice where they were currently working. The partners were looking for 100% financing and also requesting $125K in working capital.

The dentists came to 1st Med Financial for help since the banks they approached wanted either an equity injection from the borrowers or a substantial seller note from the owner. Neither of these two options were a possibility.

1st Med Financial had numerous discussions with both the borrowers and sellers to really understand the transaction and the ultimate goal of both parties. We understood that since the two doctors were already responsible for the majority of the production this would limit the "transition risk" that the lenders they originally went to were worried about.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital.

Closed: 04/03/2017.

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Mar

01

2017

$605K Dental Practice Debt Consolidation
Dental Practice
Mar

01

2017

$605K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $605K DENTAL PRACTICE DEBT CONSOLIDATION, 3.54% 10-YEAR FIXED TERM

Scenario: A successful general dentist located in Arkansas was looking to consolidate his commercial real estate loan (on the dental office) and his practice loan. He was looking to take advantage of historically low rates and he also had a balloon payment coming due in a couple of years.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase his monthly cash flow dramatically. He will also no longer have to worry about refinancing his commercial real estate loan that had a balloon payment.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 03/01/2016

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Jan

10

2017

$1.13MM Dental Practice Debt Consolidation
Dental Practice
Jan

10

2017

$1.13MM Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $1.13MM DENTAL PRACTICE DEBT CONSOLIDATION, 3.54% 10-YEAR FIXED TERM

Scenario: A successful general dentist located in Florida was looking to consolidate his practice and equipment loans. The reason he was looking to do this was to increase his monthly cash flow and lock in on the historically low rates.

The issue this particular dentist was having was he did not have much liquidity because he was building a new home. He also had to make payments on his current home while he was building the new house. This caused his monthly expenses to increase much higher then he preferred.

Due to the favorable rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $3,500 a month, even after taking out an additional $75K in working capital.

100% Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans & working capital.

Closed: 01/10/2017

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Nov

29

2016

$790K Optometry Practice Real Estate Acquisition
Optometry Practice
Nov

29

2016

$790K Optometry Practice Real Estate Acquisition
Optometry Practice
Loan Terms: $790K OPTOMETRY PRACTICE RE ACQUISITION 25-YEAR TERM, 6.0%, (Prime + 2.25%), 25-YEAR TERM

Scenario: A successful Michigan Optometrist who 1st Med Financial had recently secured financing to purchase his 2nd practice location now had the opportunity to purchase the commercial real estate. The issue that the doctor was having was from a bankruptcy he had a number a years ago.

1st Med Financial had worked with this doctor about 6 months prior to help him secure conventional financing for the practice. We already understood what caused the bankruptcy and that he has turned around his financial situation. This allowed us to get the doctor financing in a very short period of time which was important because both the sellers and the buyer wanted to close before the end of the year.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and equipment and working capital needs.

Closed 11/29/2016

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Nov

16

2016

$800K Dental Practice 2nd Location and Real Estate Acquisition
Dental Practice
Nov

16

2016

$800K Dental Practice 2nd Location and Real Estate Acquisition
Dental Practice
Loan Terms: $800K DENTAL PRACTICE 2ND LOCATION & RE ACQUISITION, 6.25%, 25-YEAR TERM, 6.25%, (Prime + 2.75%), 25-YEAR TERM

Scenario: A successful Dentist in Illinois was looking to purchase his second practice in neighboring town from his current practice. Unfortunately the bank that did the loan on his first practice did not want to extend any additional credit. This particular Dentist had plans to grow and purchase numerous practices. He realized that he would need the right partner to do so.

That is when he came to 1st Med Financial. We worked with the dentist and after talking to him, realized that he had the opportunity to purchase the real estate as well. He wanted to do this in the first place but thought it was out of the question because he was already getting denied for the practice loan. Not only were we able to get him financing for the practice and the office building but we also secured him working capital to help with the transition.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and working capital needs.

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Sep

19

2016

$825K Podiatry Practice & CRE Acquisition
Healthcare Practice
Sep

19

2016

$825K Podiatry Practice & CRE Acquisition
Healthcare Practice
Loan Terms: $825K PODIATRY PRACTICE & CRE ACQUISITION & WORKING CAPITAL, 6.25% (Prime + 2.75), 25-YEAR TERM

Scenario: An experienced podiatrist was looking to purchase the practice that he has been working at for a number of years. The owner was looking to sell the practice and the commercial real estate in one transaction. The issue the doctor was having, was that he needed 100% financing. He was having a difficult time finding a loan to cover 100% of the price when the real estate was involved. That is when he came to 1st Med Financial.

We were able to structure the deal in one loan for 100% financing. We were also able to get the loan amortized over 25 years and include over $75K in working capital to help with the transition.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the podiatry practice, commercial real estate and working capital needs.

Closed: 09/19/2016

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Sep

13

2016

$1.18MM Dental Practice Debt Consolidation
Dental Practice
Sep

13

2016

$1.18MM Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $1.18MM DENTAL PRACTICE DEBT CONSOLIDATION. 6.25%, (Prime + 2.75%), 10-YEAR TERM

Scenario: A successful dentist was looking to consolidate his practice loan, business credit cards, and high interest rate working capital loans that had been taken out in prior years. He wanted to have all his debt consolidated into one low monthly payment.

The issue he was having was that in prior years he had to take out a number of working capital loans. These loans were short term and had high interest rates. He fell into the cycle where every 9 to 12 months he would need to refinance them with similar loans. Even though his practice was very successful he was having a cash flow problem because of the very high payments. He was also having a hard time consolidating into one loan with a longer term at a fair interest rate. That is when he came to 1st Med Financial.

We worked with the dentist and were able to consolidate the loans into one easy payment of $13,500 a month. This saved him over $17,000 a month in cash flow or $204,000 annually.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital.

Closed: 09/03/2016

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Sep

02

2016

$3.4MM Pharmacy Acquisition
Pharmacy Practice
Sep

02

2016

$3.4MM Pharmacy Acquisition
Pharmacy Practice
Loan Terms: $3.4MM PHARMACY ACQUISITION, 5.50%, (Prime + 2.00%), 10-YEAR TERM

Scenario: Two experienced pharmacists partnered up to purchase a successful two-location pharmacy. They were having a difficult time getting financing for a couple of reasons. They were moving out of state to purchase the pharmacy and they did not currently hold that state licenses required.

They actually were approved with a lender under the condition that at least one of the partners gets the new states licensing. Unfortunately the seller did not want to wait for this process to unfold and they needed to move fast or they would lose the opportunity to purchase the pharmacy.

At 1st Med Financial we saw that the pharmacy was very strong and could still qualify even if they kept additional pharmacists on the payroll. We were able to get the partners financing and close in under 60 days from the first conversation we had.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 9/2/2016

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Aug

30

2016

$1.35MM Optometry Practice 2nd Location RE Acquisition and Working Capital
Optometry Practice
Aug

30

2016

$1.35MM Optometry Practice 2nd Location RE Acquisition and Working Capital
Optometry Practice
Loan Terms: $1.35MM OPTOMETRY PRACTICE 2ND LOCATION RE ACQUISITION & WORKING CAPITAL, 5.25% (Prime + 1.75), 25-YEAR TERM

Scenario: A successful Ohio Optometrist with two locations was looking to purchase the commercial real estate where he recently moved his second location practice to. He was also looking for working capital for minor improvements to the building and to purchase additional equipment.

1st Med Financial had worked with this doctor on a the purchase of the commercial real estate of his 1st location in 2013. He was very happy with the service provided on his first transaction and wanted to work with us again on this loan.

100% SBA 7(a) Practice Financing Structured to provide financing for the purchase of the commercial real estate of his 2nd practice, improvements and equipment and working capital needs.

Closed 08/30/2016

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Aug

12

2016

$1.15MM Optometry Practice CRE Acquisition
Optometry Practice
Aug

12

2016

$1.15MM Optometry Practice CRE Acquisition
Optometry Practice
Loan Terms: $1.15MM OPTOMETRY PRACTICE REAL ESTATE ACQUISITION, 5.75% (Prime + 2.25), 25-YEAR TERM

Scenario: A successful Optometrist was looking to purchase an office building to relocate his practice into. The issue he was having was finding financing due to a short sale he had in 2010. He came to 1st Med Financial to see if any options were possible.

1st Med Financial had numerous conversations with the doctor to dig in and understand his situation. We were able to see that the short sale was due to the financial crises and he did his best to hold off on the short sale until it was absolutely necessary. This helped the underwriting process and eventually getting approved for the loan.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and equipment and working capital needs.

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Jul

22

2016

$600K Optometry Practice 2nd Location Acquisition
Optometry Practice
Jul

22

2016

$600K Optometry Practice 2nd Location Acquisition
Optometry Practice
Loan Terms: $600K OPTOMETRY PRACTICE ACQUISITION, 5.75%, 10 YEAR TERM - FIXED RATE

Scenario: An Optometrist was looking to purchase a 2nd location practice and was having a difficult time securing financing.

The doctor approached 1st Med Financial for help. He had a couple of credit issues including a bankruptcy back in 2005. He was already turned down from a couple of large banks.

After numerous conversations with the doctor we were able to understand what caused the bankruptcy and that he has really turned around his financial situation. He even started up a smaller practice from scratch since then. We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 07/22/2016

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Jul

08

2016

$840K Dental Practice Debt Consolidation
Dental Practice
Jul

08

2016

$840K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $840K DENTAL PRACTICE DEBT CONSOLIDATION. 6.25%, (Prime + 2.75%), 10-YEAR TERM

Scenario: A successful dental practice, which was owned by a husband and wife team was looking to consolidate their practice loan, business credit cards, and a high interest rate working capital loan that had been taken out in prior years. They wanted to have all their debt consolidated into one low monthly payment. The issue they were running into was that in 2008 they had a financial hardship because of medical issues that came up in their family. They had to short sell their home in 2008. Because of this they were turned down by a number of conventional options.

The only way they could get any equipment or working capital loans after 2008 was through high interest rate loans. When they came to 1st Med Financial their monthly payment was over $18,000 a month.

We worked with the owners and were able to consolidate all of their loans into one easy payment of $9,450 a month. This saved them over $8,500 a month in cash flow or $102,000 annually.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital.

Closed: 07/08/2016

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Jun

27

2016

$500K Dental Practice 4th Location Acquisition
Dental Practice
Jun

27

2016

$500K Dental Practice 4th Location Acquisition
Dental Practice
Loan Terms: $500K DENTAL PRACTICE 4TH LOCATION ACQUISITION, 4.86%, 10 YEAR FIXED TERM

Scenario: A very successful Dentist in Arizona was looking to purchase an additional practice in neighboring town from his current practices. The Dentist already owned 3 practices and used one bank to finance all of them. When he went to that bank for additional financing they turned him down and said he was capped out with them.

The Dentist decided to come to 1st Med Financial because everywhere else he went to, they required that he refinance the current practice debt as well. This was out of the question because the pre-payment penalty would be almost $100K and the he was not willing to pay that.

1st Med Financial has access to a number of different practice financing programs. 1st Med Financial was able to get the Dentist Financing at a low 4.86% interest rate fixed for 10 years. There was no requirement to refinance his current practice loans.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 06/27/2016

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Jun

22

2016

$726K Pharmacy Acquisition
Pharmacy Practice
Jun

22

2016

$726K Pharmacy Acquisition
Pharmacy Practice
Loan Terms: $726K PHARMACY ACQUISITION, 6.25%, (Prime + 2.75%), 10-YEAR TERM

Scenario: An experienced corporate pharmacist was looking to purchase an independent pharmacy in New York City. He was having a difficult time finding financing and that is when he came to 1st Med Financial.

The main thing holding him back was the fact that the cash flow on the pharmacy was a little tight. At 1st Med we were able to see the potential for growth that the Pharmacist's expertise would bring when he became the owner. He was going to be able to offer new services and this helped make the underwriters feel more comfortable.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 06/22/2016

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May

09

2016

$394K Dental Practice Debt Consolidation
Dental Practice
May

09

2016

$394K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $394K DENTAL PRACTICE DEBT CONSOLIDATION. 6.25%, (Prime + 2.75%), 10-YEAR TERM

Scenario: A successful general dentist was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he had taken out in prior years.

He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to hire new staff members.

Due to the high interest rates on the doctor's current loans his minimum payment was over $14K a month. After the consolidation his monthly payment went down to $4,500 a month which dramatically increased his cash flow even after taking out an additional $99K in working capital.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital for future growth and and hiring of additional staff.

Closed: 05/09/2016

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May

05

2016

$425K Pharmacy Acquisition (Including RE)
Pharmacy Practice
May

05

2016

$425K Pharmacy Acquisition (Including RE)
Pharmacy Practice
Loan Terms: $425K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: An experienced pharmacist was looking to purchase an independent pharmacy in a different state from where he currently resided. He had recently sold his pharmacy about a year prior to this purchase.

The main issue the pharmacist was having was that he could not get 100% financing for a pharmacy in a state where he currently did not live.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition for both the pharmacy and the real estate along with working capital needs.

Closed: 05/05/2016

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Apr

26

2016

$275K Dental Practice Debt Consolidation
Dental Practice
Apr

26

2016

$275K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $275K DENTAL PRACTICE DEBT CONSOLIDATION. 5.5% 10-YEAR FIXED TERM

Scenario: A successful general dentist located in Utah was looking to consolidate his practice loans because one of his current loans had a step up feature that was affecting his cash flow.

The issue this particular Dentist was having was in 2008 he had a bankruptcy. He was also working less days in his practice as he became a professor at the Dental University a few years prior.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $1,900 a month, even after taking out an additional $25K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans & working capital.

Closed: 04/26/2016

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Apr

18

2016

$345K Veterinary Practice Start-Up
Veterinary Practice
Apr

18

2016

$345K Veterinary Practice Start-Up
Veterinary Practice
Loan Terms: $345K VETERINARY PRACTICE START-UP, 6.00% (PRIME + 2.75), 10-YEAR TERM

Scenario: A Veterinarian from Mississippi was looking to start up his own practice along with purchasing the commercial property.

The property needed updating and he was looking for additional working capital to fund his project.

1st Med Financial was able to wrap up the start-up loan and commercial real estate loan into one SBA loan.

SBA 7(a) Veterinary Loan Financing structured to purchase the real estate, build-out the practice, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 04/18/2016

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Apr

06

2016

$150K Dental Practice Working Capital
Dental Practice
Apr

06

2016

$150K Dental Practice Working Capital
Dental Practice
Loan Terms: $150K DENTAL PRACTICE WORKING CAPITAL, 6.25%, (Prime + 3.00%), 10-YEAR TERM

Scenario: A successful Dentist who already had a thriving practice was looking for working capital to update his second practice which he had recently purchased.

The dentists came to 1st Med Financial for help because all the banks that he was dealing with were not able to provide a working capital loan without having a 1st lien position on his 1st practice.

1st Med Financial was able to secure the dentist a working capital loan that was in a secondary lien position. The rate and term were still very competitive with a standard practice loan.

100% SBA 7(a) Practice Financing Structured to provide working capital needs.

Closed: 04/06/2016.

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Mar

04

2016

$928K Dental Practice 2nd Location Acquisition and Debt Consolidation
Dental Practice
Mar

04

2016

$928K Dental Practice 2nd Location Acquisition and Debt Consolidation
Dental Practice
Loan Terms: $928K DENTAL PRACTICE 2ND LOCATION ACQUISITION, 4.99%, 10 YEAR FIXED TERM

Scenario: Two successful Dentists were looking to purchase a 2nd location in Arizona. They started up their 1st practice together two years prior and had not paid down much of their start-up loan. The partners were looking for 100% financing and also wanted to pay-off their 1st loan to help increase their cash flow.

The dentists came to 1st Med Financial for help since the bank that gave them their start-up loan was not willing to extend them additional credit to purchase the 2nd practice. 1st Med had numerous conversations with the doctors to understand their ultimate goals and get them the best financing possible.

When talking with the doctors 1st Med realized that they have future plans of growth and would like to purchase and start-up additional practices in the future. This was very important when deciding which lenders to use.

We wanted to make sure that the partners would not have issues purchasing practices in the future and also provide a good rate and term at the same time.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, refinance of their start-up loan & working capital.

Closed: 03/04/2016.

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Feb

02

2016

$950K Optometry Practice 2nd Location Start-UP
Optometry Practice
Feb

02

2016

$950K Optometry Practice 2nd Location Start-UP
Optometry Practice
Loan Terms: $950K OPTOMETRY PRACTICE 2ND LOCATION START-UP, 6.85%, 10 YEAR TERM - FIXED RATE

Scenario: An experienced Optometrist in Alabama was looking to start-up a second practice closer to his home. His first practice has been thriving for over 12 years but it was almost an hour away from his home. He wanted to bring in an associate at his current practice for a couple days a week and split up his time between the 2 practices.

When the doctor came to 1st Med Financial he was having trouble securing financing for his second practice and a number of lenders wanted him to put money down.

1st Med Financial worked with him and was able to get the doctor 100% financing. Besides getting him financing the 2nd location start-up, 1st Med also was also able to consolidate the current debt and actually increase the doctor's cash flow.

SBA 7(a) Optometry Financing Structured to refinance all outstanding debt on the current practice, build-out for the 2nd location, equipment and de working capital.

Closed: 02/02/2016

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Jan

27

2016

$500K Optometry Practice Relocation and Debt Consolidation
Optometry Practice
Jan

27

2016

$500K Optometry Practice Relocation and Debt Consolidation
Optometry Practice
Loan Terms: $500K OPTOMETRY RELOCATION & DEBT REFI, 4.49%, 10 YEAR TERM - FIXED RATE

Scenario: An experienced Optometrist in Arizona was looking to move his practice to a new location. He was also looking to consolidate his practice loans along with additional working capital to help with the transition.

The doctor approached 1st Med Financial for help. Initially, 1st Med was able to get the doctor an offer for the Debt Consolidation along with working capital and tenant improvements for the new location.

The doctor was very happy with the proposal and then asked if we can increase the loan to include equipment as well. 1st Med Financial was able to also secure financing for the equipment in one practice loan .

100% Conventional Practice Acquisition Financing structured to cover the debt consolidation, equipment, tenant improvements & working capital of $64K.

Closed: 01/27/2016

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Dec

14

2015

$1.0MM Pharmacy Acquisition
Pharmacy Practice
Dec

14

2015

$1.0MM Pharmacy Acquisition
Pharmacy Practice
Loan Terms: $1.0MM PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: An experienced pharmacist was looking to purchase the independent pharmacy that she has been working at for a number of years. She had already been turned down by multiple lenders and was not very hopeful of getting the acquisition closed. That is when she came to 1st Med for one last chance.

The main thing holding her back was a prior bankruptcy and a credit issue that arose a couple of years back.

At 1st Med we were able to see that the client has proven to become financially responsible and that the credit issue was more of an oversight by the student loan company then her fault. We helped communicate all of this information with the underwriters to make sure that she got a fair chance at financing.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 12/14/2015

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Nov

25

2015

$630K Dental Practice Debt Consolidation
Dental Practice
Nov

25

2015

$630K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $630K DENTAL PRACTICE DEBT CONSOLIDATION. 4.99%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: A successful general dentist located in Idaho was looking to consolidate his commercial real estate loan (on the dental office), his practice loan, business credit cards, and take out additional working capital for new equipment and future operational expenses. He wanted to have all his debt consolidated into one low monthly payment.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow dramatically, even after taking out an additional $150K in working capital.

Conventional Dental Practice Financing structured to consolidate CRE loan, practice loans, business credit cards & working capital.

Closed: 11/25/2015

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Nov

03

2015

$2.48MM Pharmacy Construction Project
Pharmacy Practice
Nov

03

2015

$2.48MM Pharmacy Construction Project
Pharmacy Practice
Loan Terms: $2.48MM PHARMACY REAL ESTATE CONSTRUCTION, 5.05%, 25-YEAR TERM, FIXED RATE

Scenario: An experienced Pharmacist was looking to purchase land and construct a new pharmacy that he could relocate his already successful pharmacy to . The new location was in a high traffic area and will be able to be seen from a major roadway.

The pharmacist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, purchase furniture, fixtures, working capital and loan related soft costs.

An interest reserve was included until the construction is completed and will then be followed by P&I payments.

Closed: 11/03/2015

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Oct

09

2015

$670K Pharmacy Acquisition (Including Real Estate)
Pharmacy Practice
Oct

09

2015

$670K Pharmacy Acquisition (Including Real Estate)
Pharmacy Practice
Loan Terms: $670K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: Three experienced pharmacist were looking to purchase an additional independent pharmacy. The three partners already owned numerous pharmacies in neighboring towns and saw an opportunity when the seller decided to retire.

Even though none of the partners were going to work full time at the new pharmacy and they already had existing debt on their current practices, we were able to get them financing.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition for both the pharmacy and the real estate along with working capital needs.

Closed: 10/09/2015

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Jul

24

2015

$430K Optometry Practice Acquisition
Optometry Practice
Jul

24

2015

$430K Optometry Practice Acquisition
Optometry Practice
Loan Terms: $430K OPTOMETRY PRACTICE ACQUISITION, 5.75%, 10 YEAR TERM - FIXED RATE

Scenario: An experienced Optometrist was looking to purchase a practice for a number of years but was not having any luck and a number of deals fell through.

The doctor approached 1st Med Financial for help. Initially we got her an approval for another practice, but due to some unforeseen issues with the seller, that deal fell through.

She decided to keep in touch with 1st Med Financial and regularly sent us information on practices that went up for sale. We advised her and provided feedback on the practices from both a financing and valuation standpoint.

When she found the right practice for her, we were able to get her approved for financing very quickly and provide guidance throughout the process all the way through closing.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $30K.

Closed: 07/24/2015

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Jul

14

2015

$910K Dental Practice 4th Location Acquisition
Dental Practice
Jul

14

2015

$910K Dental Practice 4th Location Acquisition
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

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Jul

06

2015

$3.6MM Pharmacy Debt Consolidation and Restructure
Pharmacy Practice
Jul

06

2015

$3.6MM Pharmacy Debt Consolidation and Restructure
Pharmacy Practice
Loan Terms: $3.6MM PHARMACY DEBT CONSOLIDATION, 5.25% (PRIME + 2.00), 25-YEAR TERM.

Scenario: A Successful Long Term Care Pharmacy was experiencing dramatic growth over the last year looking to restructure their debt to meet cash flow needs. They recently secured a contract for a new facility that would add an additional 400 beds to their business.

Due to the increased business, their vendor payables were converted into short-term high payment vendor loans. There was also a balloon payment due on their owned real estate.

Hoping to consolidate the vendor debt and real estate loan, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to consult in switching vendors to to obtain a better buy plan and increase to their bottom line.

SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt, real estate debt and provide working capital for future purchasing power.

Closed: 07/06/2015

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Jun

29

2015

$750K Dental Practice Debt Consolidation
Dental Practice
Jun

29

2015

$750K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $750K DENTAL PRACTICE DEBT CONSOLIDATION. 5.8% 7-YEAR FIXED TERM

Scenario: A successful general dentist located in Massachusetts was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he took out in early 2014. He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to start offering new dental products that would increase his yearly revenue.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $5,900 a month, even after taking out an additional $75K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans, business credit cards & working capital.

Closed: 06/26/2015

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Jun

26

2015

$320K Dental Practice Acquisition
Dental Practice
Jun

26

2015

$320K Dental Practice Acquisition
Dental Practice
Loan Terms: $320K DENTAL PRACTICE ACQUISITION, 5.75%, 10 YEAR FIXED RATE & TERM

Scenario: A general dentist in Texas who had over 20 years of experience decided to finally take the leap and purchase a practice about 100 miles from his current home. He had the opportunity to purchase a practice for $290K and would also need an additional $30K for working capital during the transition.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the practice being purchased had a little bit of a downward trend in collections over the last couple of years. 1st Med Financial was able to see that the main reasons for this trend was the selling dentist was getting ready to retire and was referring out almost all specialty work.

Since the purchasing dentist was proficient in most of the procedures being referred out, we were able to show that revenues would increase when he took over. 1st Med Financial worked with the doctor, the seller, and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 06/26/2015

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Jun

10

2015

$595K Dental Practice Debt Consolidation
Dental Practice
Jun

10

2015

$595K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $595K DENTAL PRACTICE DEBT REFI 5.85%, 8 YEAR FIXED TERM

Scenario: A successful general dentist located in Georgia was looking to consolidate his current practice debt into one low easy to manage payment. He was also looking for some working capital to purchase equipment in the near future.

The practice debt included a practice loan, two equipment loans and a high interest rate daily payment loan.

The doctor approached 1st Med Financial because his debt payments were way too high and needed some help to increase his cash flow.

The doctor was able to increase cash flow by more then $6,000 a month by combining all his loans at a lower rate. By re-casting his debt over only 8 years he would still pay-off this loan before his original practice loan would mature.

Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans, daily payment loan & working capital.

Closed: 06/10/2015

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May

06

2015

$1.6MM Dental Practice Real Estate Acquisition
Dental Practice
May

06

2015

$1.6MM Dental Practice Real Estate Acquisition
Dental Practice
Loan Terms: $1.6MM DENTAL PRACTICE RE ACQUISITION, 6.00%, 25-YEAR TERM, 6.00%, (Prime + 2.75%), 25-YEAR TERM

Scenario: A successful Dentist in Mississippi was looking to purchase the building where he was currently leasing space.

Unfortunately he was already turned down by a bank and thought that purchasing the real estate might not be possible. He decided to give 1st Med Financial a call even though he did not expect much. To his surprise he was able to obtain an financing for the purchase of the building, and the consolidate his practice debt.

SBA 7(a) Practice Financing structured to purchase the real estate and consolidate the practice debt along with loan related soft costs.

Closed 05/06/2015

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Apr

22

2015

$715K Dental Practice 3rd Location Acquisition
Dental Practice
Apr

22

2015

$715K Dental Practice 3rd Location Acquisition
Dental Practice
Loan Terms: $715K DENTAL PRACTICE 3RD 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 other practices. He had a great opportunity to purchase a practice for $715K.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. He had recently purchased two practices in the last 12 months and he was finding it difficult to get additional financing. The other issue was understanding the doctor's business plan and get comfortable that this practice was a good fit for him.

1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/22/2015

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Apr

22

2015

$200K Dental Practice 4th Location Acquisition
Dental Practice
Apr

22

2015

$200K Dental Practice 4th Location Acquisition
Dental Practice
Loan Terms: $200K 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 other practices. He had a great opportunity to purchase his 4th overall practice for $200K.

The doctor came to 1st Med Financial for help since there were a couple of issues that he needed to get over in order to get financing. We were already working with him on getting his 3rd practice acquisition and he had recently purchased two other practices in the last 12 months.

The other issue was to make sure that the Doctor was not growing too big too fast. We analyzed his global cash flow to make sure this additional acquisition made sense.

1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/22/2015

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Mar

27

2015

$600K Optometry Practice Acquisition
Optometry Practice
Mar

27

2015

$600K Optometry Practice Acquisition
Optometry Practice
Loan Terms: $600K OPTOMETRY PRACTICE ACQUISITION, 5.94%, 10 YEAR TERM - FIXED RATE

Scenario: An Optometrist associate was looking to purchase the practice he was currently working at two days a week.

The doctor approached 1st Med Financial for help. He had a couple of credit issues in his past and needed help securing financing. He was already turned down from two large banks.

After numerous conversations with the doctor we were able to understand that what happened to his credit was a couple of unfortunate events that were out of his control.

We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 03/27/2015

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Mar

23

2015

$680K Dental Practice RE Construction Project
Dental Practice
Mar

23

2015

$680K Dental Practice RE Construction Project
Dental Practice
Loan Terms: $680K DENTAL PRACTICE REAL ESTATE CONSTRUCTION, 6.00%, 25-YEAR TERM, 5-Year Fixed Resets at Prime + 2.75%

Scenario: An experienced Dentist was looking to purchase land and construct a new office so he could relocate his practice. The timing of the deal was important as he wanted to close and construct the new building and have 1 to 2 months left on his current lease. This would allow him to have enough time to help with the transition. He was also looking for $50K for new equipment and $20K for working capital.

The Dentist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs.

12-month interest only followed by P&I payments.

Closed: 03/23/2015

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Jan

09

2015

$550K Dental Practice Acquisition
Dental Practice
Jan

09

2015

$550K Dental Practice Acquisition
Dental Practice
Loan Terms: $550K DENTAL PRACTICE ACQUISITION, 5.94%, 10 YEAR TERM - FIXED RATE

Scenario: A recent dental school graduate (6 months out) was working as an associate for a practice in Arkansas. He had the opportunity to purchase the practice for $500K and would also need an additional $50K for working capital during the transition.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the doctor only had 6 months experience as an associate. The plan was also to assume the current mortgage for the dental office building from the seller at closing. 1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 01/09/2015

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Jan

05

2015

$550K Oral Surgery 2nd Practice Acquisition
Dental Practice
Jan

05

2015

$550K Oral Surgery 2nd Practice Acquisition
Dental Practice
Loan Terms: $550K ORAL SURGERY SECOND PRACTICE ACQUISITION, 5.68%, 10 YEAR TERM - FIXED RATE

Scenario: An experienced oral surgeon who owned a practice in Wisconsin was looking to purchase a second practice about 2-3 hours driving distance from his current location.

The doctor came to 1st Med Financial for help. The plan was to split his time at both practices. He would have an associate work a couple days at his current practice. Mean while, the selling doctor would work as an associate at the second practice for a contracted period of time.

100% Conventional Practice Acquisition Financing structured to cover the practice assets & goodwill.

Closed: 01/15/2015

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Dec

08

2014

Dental Practice Debt Consolidation
Dental Practice
Dec

08

2014

Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $497K DENTAL PRACTICE DEBT REFI & WORKING CAPITAL 5.68%, 10-YEAR TERM - FIXED RATE FOR 10 - YEAR TERM; 15 YEAR AMORTIZATION

Scenario: A successful dentist who owned a specialty practice, located in Kansas, was looking to consolidate his current practice debt and get an additional $150K for new equipment and working capital.

The dentist shared space with a partnering dentist and had multiple loans on his practice, one with a high interest rate. He was also looking to upgrade equipment and take out additional working capital.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow even after taking out the additional $150K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans & working capital.

Closed: 12/08/2014

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Sep

15

2014

$800K Optometry Practice Acquisition
Optometry Practice
Sep

15

2014

$800K Optometry Practice Acquisition
Optometry Practice
Loan Terms: $800K OPTOMETRY PRACTICE ACQUISITION, 5.87%, 12-YEAR TERM - FIXED RATE FOR 6 - YEAR TERM; ADJUSTS AND LOCKS FOR REMAINING 6 YEARS

Scenario: An Optometrist associate was looking to purchase the practice he was currently working at. The practice is located in Ohio and was very successful.

The doctor approached 1st Med Financial for help. He had a couple of credit issues in his past and needed help securing financing. We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 09/15/2014

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Sep

09

2014

$610K Dental Practice Debt Consolidation
Dental Practice
Sep

09

2014

$610K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $610K DENTAL PRACTICE DEBT REFI 5.50%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: A successful general dentist located in Maryland was looking to consolidate his current practice debt into one low easy to manage payment.

The practice debt included two business credit cards at high interest rates. The Practice loan was also secured by a mortgage on a commercial property the dentist owned.

The doctor was able to increase monthly cash flow by combining several high interest rate business loans at a much lower rate and by re-casting his debt over 15-years. He also transferred his real estate debt to be included in the loan.

Conventional Dental Practice Financing structured to consolidate practice loan & real estate debt.

Closed: 09/09/2014

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Aug

29

2014

$2MM Pharmacy Acquisition / Buy-Out
Pharmacy Practice
Aug

29

2014

$2MM Pharmacy Acquisition / Buy-Out
Pharmacy Practice
Loan Terms: $2.0MM PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: An experienced pharmacist who owned a minority share of two separate pharmacies had an opportunity to buy-out the majority owners.

The pharmacist wanted to bring in an additional partner as well. The hurdle that new owners were facing was the large accounts payable to the vendor and they would need a large portion of the loan as working capital to pay off the debt.

At 1st Med, we saw that the two pharmacies were very profitable and that with the additional working capital the transition would go smoothly.

95% SBA 7(a) Practice Financing Structured to provide for the acquisition of both pharmacies along working capital needs to.

Closed: 08/29/2014

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Jul

10

2014

$330K Pharmacy Practice Start-Up
Pharmacy Practice
Jul

10

2014

$330K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $330K PHARMACY PRACTICE START-UP, 6.00% (PRIME + 2.75), 10-YEAR TERM

Scenario: Having trouble securing the necessary financing, the Pharmacist contacted 1st Med Financial. We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

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Jul

10

2014

$1.2MM Funeral Home Acquisition
Death Care Practice
Jul

10

2014

$1.2MM Funeral Home Acquisition
Death Care Practice
Loan Terms: $987K FUNERAL HOME ACQUISITION LOAN, 6.00% (PRIME + 2.75), 25-YEAR TERM

Scenario: A funeral home director was looking to purchase his own death care practice. He contacted 1st Med when he heard about our funeral home financing options.

SBA 7(a) Practice Financing Structured with $50K in working capital for marketing & future growth.

Loan Proposal Issued: 7/10/2014

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Jun

27

2014

$2.45MM Oral Surgery Practice Acquisition
Dental Practice
Jun

27

2014

$2.45MM Oral Surgery Practice Acquisition
Dental Practice
Loan Terms: $2.45MM ORAL SURGERY PRACTICE ACQUISITION, 5.75%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: An oral surgeon associate was looking to purchase the practice he was currently working at. The practice consisted of two locations in NJ and was very successful.

The doctor came to 1st Med Financial for help. We were able to close the loan within 60 days of the initial conversation.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $150K.

Closed: 06/27/2014

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Jun

20

2014

$1.9MM PET & Medical Imaging Practice Acquisition
MRI / Imaging Center
Jun

20

2014

$1.9MM PET & Medical Imaging Practice Acquisition
MRI / Imaging Center
Loan Terms: $1.9MM PET & MEDICAL IMAGING PRACTICE ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: A Nuclear Medicine Resident was looking to purchase a successful PET & Medical Imaging Practice in NY. The acquisition was scheduled to take place just days after the doctor finished his residency.

It was crucial to have the loan approved in advance and all the conditions met prior to closing as time was of the essence. 1st Med assisted the doctor throughout the process and was able to structure the acquisition accordingly including $250K in working capital.

SBA 7(a) Practice Financing Structured to provide for the acquisition of the PET & Imaging Practice along with working capital needs.

Closed: 06/20/2014

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Jun

18

2014

$350K Pharmacy Practice Start-Up
Pharmacy Practice
Jun

18

2014

$350K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $350K PHARMACY PRACTICE START-UP, 6.00% (PRIME + 2.75), 10-YEAR TERM

Scenario: An experienced Pharmacist and his wife were looking to start-up their own Pharmacy in an upscale shopping center located in Greely, CO.

Having trouble securing the necessary financing, they contacted 1st Med Financial. We saw the value in the PharmD's experience and business plan. 1st Med was able to secure the financing they needed to start-up their dream practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 06/18/2014

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Jun

16

2014

$643K Funeral Home Construction
Death Care Practice
Jun

16

2014

$643K Funeral Home Construction
Death Care Practice
Loan Terms: $643K FUNERAL HOME ACQUISITION / CONSTRUCTION, 6.00%, (Prime + 2.75%), 25-YEAR TERM

Scenario: An experienced Director was looking to purchase a building and renovate so he could relocate his practice. The new location was approximately 3,000 square feet.

100% SBA 7(a) Practice Financing structured to purchase land & building, renovate the building, purchase furniture, fixtures, working capital and loan related soft costs.

6-month interest only contingency built into loan during construction followed by P&I payments.

Loan Proposal Issued: 06/18/2014

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May

29

2014

$1.24MM Optometry Practice Construction Project
Optometry Practice
May

29

2014

$1.24MM Optometry Practice Construction Project
Optometry Practice
Loan Terms: $1.24MM OPTOMETRY REAL ESTATE CONSTRUCTION, 6.00%, (Prime + 2.75%), 25-YEAR TERM

Scenario: An experienced Optometrist was looking to purchase land and construct a new office so he could relocate his practice. The new location was approximately 6,000 square feet. Time was of the essence as his current lease only had 7 months remaining.

The optometrist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, purchase furniture, fixtures, working capital and loan related soft costs.

9-month interest only during construction followed by P&I payments.

Closed: 05/29/2014

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May

12

2014

$1.25MM Funeral Home Acquisition
Death Care Practice
May

12

2014

$1.25MM Funeral Home Acquisition
Death Care Practice
Loan Terms: $1.25MM FUNERAL HOME ACQUISITION, 5.25% (PRIME + 2.00), 25-YEAR TERM

Scenario: A funeral home director was looking to purchase his own death care practice. He contacted 1st Med when he heard about our funeral home financing options.

He was given the opportunity to acquire a strong practice and real estate from a retiring director. With only 10% for injection, 1st Med structured a 15% seller hold-back note to help with the equity injection requirements.

SBA 7(a) Practice Financing Structured with $25K in working capital for marketing & future growth.

Loan Proposal Issued: 5/12/2014

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Apr

30

2014

$1.99MM Optometry Practice Debt Consolidation
Optometry Practice
Apr

30

2014

$1.99MM Optometry Practice Debt Consolidation
Optometry Practice
Loan Terms: $1.99MM OPTOMETRY PRACTICE DEBT CONSOLIDATION, 6.00%, (Prime + 2.75%), 10-YEAR TERM

Scenario: An experienced Optometrist was looking to refinance both of his practice's debt and consolidate into one easy to manage loan.

The optometrist had a total of nine separate loans or leases outstanding including two seller notes from when he bought out his partners. At 1st Med, we saw the value in consolidating all the loans from both a cash flow and management perspective.

100% SBA 7(a) Practice Financing Structured to provide for the consolidation of all the practices outstanding debt.

Closed: 04/30/2014

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Mar

25

2014

$1.05MM Dental Practice & RE Debt Consolidation
Dental Practice
Mar

25

2014

$1.05MM Dental Practice & RE Debt Consolidation
Dental Practice
Loan Terms: $1.05MM DENTAL PRACTICE DEBT CONSOLIDATION, 6.00%, 25-YEAR TERM, 5-Year Fixed Resets at Prime + 2.75%.

Scenario: A successful Missouri Dentist was looking to refinance his commercial real estate debt and and reduce the interest rates on his practice debt and take out additional working capital. 100% SBA 7(a) Practice Financing Structured to provide for the refinance of his building, practice debt, and working capital needs.

Closed 03/25/2013

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Mar

17

2014

$800K Pharmacy Acquisition (2 Locations)
Pharmacy Practice
Mar

17

2014

$800K Pharmacy Acquisition (2 Locations)
Pharmacy Practice
Loan Terms: $800K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM

Scenario: An experienced pharmacist was looking to purchase two separate independent pharmacies in the same town and merge them together. On their own, neither pharmacy was profitable. At 1st Med, we saw the value in eliminating one location and was able to structure the acquisition accordingly.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of both pharmacies, the real estate of one of the pharmacies along with working capital needs.

Closed: 03/17/2014

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Jan

30

2014

$530K Dental Practice Start-Up
Dental Practice
Jan

30

2014

$530K Dental Practice Start-Up
Dental Practice
Loan Terms: $530K DENTAL PRACTICE START-UP, 5.75% FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: A successful general dentist in Arkansas was looking to start a second location. He was looking for a $530K start-up loan ($300K in leasehold improvements, $200K in equipment, and an additional $30K in working capital) to fund his project.

100% Conventional Veterinary Practice Start-Up Financing structured to meet all the Dentist's start-up needs.

Closed: 1/30/14

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Nov

06

2013

$180K Dental Practice Acquisition
Dental Practice
Nov

06

2013

$180K Dental Practice Acquisition
Dental Practice
Loan Terms: $180K DENTAL PRACTICE ACQUISITION, 6.52%, 10-YEAR TERM - FIXED RATE

Scenario: An experienced dentist, who has recenly relocated from out of state, was looking to purchase a Dental Practice she was associating at.

She contacted 1st Med Financial for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital needs.

Closed: 11/06/13

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Nov

01

2013

$4.6MM Pharmacy Debt Consolidation
Pharmacy Practice
Nov

01

2013

$4.6MM Pharmacy Debt Consolidation
Pharmacy Practice
Loan Terms: $4.6MM PHARMACY DEBT REFINANCE, 5.25% (PRIME + 2.00), 10-YEAR TERM.

Scenario: A Successful Texas Long Term Care Pharmacy was doing extremely well. However, due to they increased business, they were forced to turn their vendor payables into short-term high payment vendor loans.

Hoping to consolidate this vendor debt, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to assist in switching vendors to allow for a better buy plan and increase to the bottom line.

SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt and provide working capital for future purchasing power. Closed: 10/31/2013

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Oct

31

2013

$327K Pharmacy Debt Consolidation
Pharmacy Practice
Oct

31

2013

$327K Pharmacy Debt Consolidation
Pharmacy Practice
Loan Terms: $327K PHARMACY DEBT REFINANCE, 5.25% (PRIME + 2.00), 10-YEAR TERM.

Scenario: Two Successful Pharmacy Business partners were looking to consolidate their Pharmacy Practice debt due to an upcoming balloon payment on their current loan.

They already were denied financing by a major institution for an SBA loan. This is when they decided to reach out to 1st Med Financial.

100% SBA 7(a) Pharmacy Practice Financing Structured to provide for the refinance of their current practice debt and working capital needs.

Closed: 10/31/2013

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Sep

26

2013

$160K Veterinary Practice Start-Up
Veterinary Practice
Sep

26

2013

$160K Veterinary Practice Start-Up
Veterinary Practice
Loan Terms: $160K VETERINARY PRACTICE START-UP, 6.07% FIXED, 10-YEAR TERM

Scenario: A Young Ohio Veterinarian was looking to start-up his own location. He was looking for a $160K start-up loan ($110K in leasehold improvements, $40K in equipment, and an additional $40K in working capital) to fund his project.

100% Conventional Veterinary Practice Start-Up Financing structured to meet all the Vet's start-up needs.

Closed: 9/26/2013

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Sep

24

2013

$750K Dental Practice Debt Consolidation
Dental Practice
Sep

24

2013

$750K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $750K DENTAL PRACTICE DEBT 5.75%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: A successful general dentist located in New Jersey was looking to consolidate his current practice debt and his office condo loan into one low easy to manage payment.

The doctor was able to increase monthly cash flow by combining several high interest rate business loans at a much lower rate and by re-casting his debt over 15-years. He also transferred his real estate debt to the practice and ended up with a free & clear office condo.

Conventional Dental Practice Financing structured to consolidate practice loan & real estate debt.

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Sep

05

2013

$235K Optometry Practice Debt Consolidation
Optometry Practice
Sep

05

2013

$235K Optometry Practice Debt Consolidation
Optometry Practice
Loan Terms: $235K OPTOMETRY PRACTICE DEBT 6.15%, 10-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: A successful Las Vegas Optometrist was looking to refinance her practice debt and consolidate her credit cards and working capital debt into one loan.

She already had one proposal from a major institution but it would only cover the practice debt.

She approached 1st Med Financial looking for a better offer.

100% Conventional Optometry Practice Financing structured to refinance the practice debt, outstanding personal credit card balances, & working capital needs.

Closed 09/05/2013

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Jul

23

2013

$802K Optometry Practice Partner Buy-Out
Optometry Practice
Jul

23

2013

$802K Optometry Practice Partner Buy-Out
Optometry Practice
Loan Terms: $802K OPTOMETRY PRACTICE ACQUISITION, 6.22%, 10-YEAR FIXED TERM

Scenario: An Associate Optometrist was looking to buy-out his partner. Due to an outstanding lien from a previous business venture the Doctor was having a difficult time receiving financing on favorable terms.

He approached 1st Med to see if there were any financing options available for his situation.

100% Conventional Practice Buy-Out Financing structured to cover the practice assets, goodwill, outstanding lien on previous business venture & working capital.

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Jul

10

2013

$750K Dental Practice Acquisition
Dental Practice
Jul

10

2013

$750K Dental Practice Acquisition
Dental Practice
Loan Terms: $750K DENTAL PRACTICE ACQUISITION, 5.43%, 10-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Scenario: An experienced dentist was looking to purchase a pediatric practice approximately 200 miles from his current home. After receiving sub par financing offers from major banks, he came to 1st Med for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital needs.

Closed: 07/10/2013

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Jun

30

2013

$1.30MM Optometry Practice & RE Debt Consolidation
Optometry Practice
Jun

30

2013

$1.30MM Optometry Practice & RE Debt Consolidation
Optometry Practice
Loan Terms: $1.30MM OPTOMETRY PRACTICE DEBT CONSOLIDATION, 5.00% (Prime + 1.75), 25-YEAR TERM

Scenario: A successful Ohio Optometrist with multiple locations was looking to refinance his commercial real estate debt at one of his locations, consolidate and reduce the interest rates on his practice debt and take out additional working capital for new equipment & improvements.

100% SBA 7(a) Practice Financing Structured to provide for the refinance of his building, practice debt, improvements and equipment and working capital needs.

Closed 06/30/2013

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Jun

06

2013

$1.58MM Optometry Practice Relocation
Optometry Practice
Jun

06

2013

$1.58MM Optometry Practice Relocation
Optometry Practice
Loan Terms: $1.588MM OPTOMETRY PRACTICE RELOCATION, 4.50% (Prime + 1.25), 25-YEAR TERM

Scenario: A successful Columbus, OH Optometrist with multiple locations had an opportunity to purchase a foreclosed building at a major discount and relocate his practice.

He contacted 1st Med and inquired about the financing options available for him.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the new building, build-out, equipment and working capital needs.

Closed 06/06/2013

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May

06

2013

$503K Dental Practice Expansion
Dental Practice
May

06

2013

$503K Dental Practice Expansion
Dental Practice
Loan Terms: $503K DENTAL PRACTICE EXPANSION, 5.50%, 10-YEAR FIXED TERM

Scenario: A previous client of 1st Med was ready to expand his practice into the 2nd half of the building he purchased a year ago. Of course we were happy to help.

100% SBA 7(a) Practice Financing Structured to provide for 4 new fully-equipped operatories and new waiting area.

Closed: 5/06/2013

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Apr

25

2013

$1.05MM Veterinary Practice & RE Acquisition
Veterinary Practice
Apr

25

2013

$1.05MM Veterinary Practice & RE Acquisition
Veterinary Practice
Loan Terms: $1.05MM VETERINARY PRACTICE & RE ACQUISITION, 5.75% (PRIME + 2.50), 25-YEAR TERM

Scenario: A successful Banfield Associate was looking to purchase her own practice in Oregon. She contacted 1st Med when she heard about our 100% financing options.

She was given the opportunity to acquire a strong practice and real estate from a retiring doctor. Although she had minimal capital available to inject, we were able get her approved for 100% financing that was needed to complete the transaction.

100% SBA 7(a) Practice Financing Structured with $50K in working capital for marketing & future growth.

Closed: 4/25/2013

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Apr

05

2013

$200K Veterinary Practice Acquisition
Veterinary Practice
Apr

05

2013

$200K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $200K VETERINARY PRACTICE ACQUISITION, 6.68% INT. RATE, 10-YEAR FIXED TERM

Scenario: An experienced Florida Veterinarian looking to purchase a practice from a retiring Vet approached 1st Med for help.

She approached multiple lending sources locally, but was having issues receiving financing due to the downward trends of the practice.

We saw the value in her experience and were able to move quickly.

100% Conventional Practice Acquisition Financing Structured with working capital included for marketing & future growth.

Closed 4/05/2013

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Mar

29

2013

$220K Pharmacy Practice Start-Up
Pharmacy Practice
Mar

29

2013

$220K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $220K PHARMACY PRACTICE START-UP, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: An experienced long-term Walmart Pharmacist looking to start-up her own Pharmacy inside a upscale independant grocery store located in Baton Rouge, LA.

Having trouble securing the necessary financing, she contacted 1st Med Financial. We worked with her on her business plan and projections and were able to secure the financing she needed.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 03/29/2013

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Feb

28

2013

$532K Dental Practice Debt Consolidation
Dental Practice
Feb

28

2013

$532K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $532K DENTAL PRACTICE DEBT CONSOLIDATION. 5.6% 7-YEAR FIXED TERM

Scenario: A successful general dentist located in Massachusetts looking to consolidate his former expansion loan and various practice debts he has compiled into one low monthly payment.

His goal was to take advantage of low interest rates and accelerate the pay down of his debts.

Conventional Dental Practice Financing structured to refinance the expansion loan & practice debts. Closed in 23 days from application.

Closed: 2/28/2013

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Feb

19

2013

$450K Optometry Practice Acquisition
Optometry Practice
Feb

19

2013

$450K Optometry Practice Acquisition
Optometry Practice
Loan Terms: $450K OPTOMETRY PRACTICE ACQUISITION, 5.95%, 10-YEAR FIXED TERM

Scenario: An Associate Optometrist was looking to purchase the practice she was currently working 4 days per week at. After receiving sub par financing from her local banks, she approached 1st Med for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, new equipment & working capital.

Closed 2/19/2013

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Feb

08

2013

$620K Pharmacy Practice Start-Up
Pharmacy Practice
Feb

08

2013

$620K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $620K PHARMACY PRACTICE START-UP, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: When two experienced former healthcare professionals were looking to start-up a new compounding pharmacy concept in Chicago, IL, they were referred to 1st Med Financial.

The partners were looking to create a platform for small & independent pharmacies to access much needed compounding services.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 2/08/2013

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Dec

19

2012

$690K Dental Practice Debt Consolidation
Dental Practice
Dec

19

2012

$690K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $690K DENTAL PRACTICE RE & DEBT CONSOLIDATION. 4.3% 3-YEAR FIXED RESETTING TERMS, 25-YEAR TERM

Scenario: Successful Dentist in Montana looking to consolidate & refinance his real estate, practice loan and accumulated debts.

SBA 7(a) Loan Financing structured to refinance original building loan & practice note, loan related soft costs and minor working capital.

Increased monthly cash flow by ~$4000.

Closed: 12/19/2012

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Dec

18

2012

$100K Dental Practice Equipment Acquisition
Dental Practice
Dec

18

2012

$100K Dental Practice Equipment Acquisition
Dental Practice
Loan Terms: $100K DENTAL PRACTICE EQUIPMENT PURCHASE, 6.99% FIXED, 10-YR TERM.

Scenario: Successful Dentist in N. Carolina renovating 6 ops in his current location. He contacted 1st Med Financial looking for $100K worth of equipment and upgrades including 2 new chairs, a digital scanner, software & website design.

Structured 100% conventional equipment loan to cover all equipment & office upgrades.

Closed 12/18/2012

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Nov

30

2012

$515K Dental Practice Debt Consolidation
Dental Practice
Nov

30

2012

$515K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $515K DENTAL PRACTICE DEBT CONSOLIDATION, 6.05% FIXED, 10-YR TERM.

Scenario: Successful Dentist in Colorado looking to refinance her practice acquisition loan and wrap up her remaining equipment debt into one new low rate loan.

Conventional Dental Practice Loan structured to refinance original acquisition loan & equipment debt and include new working capital. Cash flow was increased by $2869 per month.

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Nov

27

2012

$400K Pharmacy Practice Start-Up
Pharmacy Practice
Nov

27

2012

$400K Pharmacy Practice Start-Up
Pharmacy Practice
Loan Terms: $400K PHARMACY PRACTICE START-UP, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: Two long time retail pharmacists looking to start-up their own compounding Pharmacy in Knoxville, Tennessee contacted 1st Med Financial. With their combined experience and detailed business plan, we immediately saw the potential in their request.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 11/27/2012

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Sep

10

2012

$681K Pharmacy Practice Debt Consolidation
Pharmacy Practice
Sep

10

2012

$681K Pharmacy Practice Debt Consolidation
Pharmacy Practice
Loan Terms: $681K PHARMACY LOAN REFINANCE, 6.00% FIXED, 15-YR TERM, 3-FIVE YEAR FIXED PERIODS.

Scenario: Successful Pharmacist looking to consolidate & refinance his original SBA Acquisition loan and seller held note to a low fixed rate conventional pharmacy loan.

Conventional Pharmacy Loan Financing structured to refinance original acquisition loan & seller note, loan related soft costs and minor working capital.

Closed: 09/10/2012

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Aug

20

2012

$503K Dental Practice Building Acquisition
Dental Practice
Aug

20

2012

$503K Dental Practice Building Acquisition
Dental Practice
Loan Terms: $503K DENTAL PRACTICE BUILDING ACQUISITION, 6.25% FIXED 25-YR TERM

Scenario: Successful Dentist with a proven existing practice was looking to acquire the building his practice occupied.

Buyer & Seller negotiated a short sale to purchase the building. A win-win situation for both sides.

100% SBA 7(a) Financing structured for the building acquisition, loan related soft costs & working capital for reserves.

Closed 08/20/2012

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Aug

20

2012

$495K Dental Practice Debt Refinance
Dental Practice
Aug

20

2012

$495K Dental Practice Debt Refinance
Dental Practice
Loan Terms: $495K DENTAL PRACTICE DEBT REFINANCE, 6.25% FIXED 10-YR TERM

Scenario: Successful Dentist looking to refinance his original practice acquisition loan and lower his monthly debt service.

SBA 7(a) Loan structured to refinance his current interest rate of 8.05% to 6.25%.

Increased monthly cash flow by $1750.

Closed: 08/20/2012

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Aug

13

2012

$350K Pharmacy Debt Consolidation
Pharmacy Practice
Aug

13

2012

$350K Pharmacy Debt Consolidation
Pharmacy Practice
Loan Terms: $350K PHARMACY PRACTICE DEBT CONSOLIDATION, 5.25% (PRIME + 2), 10-YR TERM

Scenario: Successful Pharmacist looking to refinance his start-up pharmacy loan to a lower rate and consolidate his current vendor debt.

SBA 7(a) Financing structured for start-up loan & vendor debt refinance, loan related soft costs.

Closed: 08/13/2012

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Jun

23

2012

$680K Veterinary Practice Start-Up
Veterinary Practice
Jun

23

2012

$680K Veterinary Practice Start-Up
Veterinary Practice
Loan Terms: $680K VETERINARY PRACTICE START-UP, 6.00% FIXED, 10-YEAR TERM

Scenario: Successful Veterinary Practitioner Husband & Wife Team with 10+ years of experience looking to start-up their own location. Had originally started their project with a large national bank. However, when the contractor estimated came in higher than expected, this bank would not increase the funding amount.

100% SBA 7(a) Financing Structured to take out the current loan and fund the complete project and include $60K in working capital.

Loan Proposal Issued 6/23/2012

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May

22

2012

$801K Veterinary Practice Acquisition
Veterinary Practice
May

22

2012

$801K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $800K VETERINARY PRACTICE ACQUISITION, 6.45% INT. RATE, 10-YEAR FIXED TERM

Scenario: Current Associate DVM looking to purchase the Veterinary Hospital he has been working at for the last 7-Years. He currently splits production 50/50 with the owner.

The selling DVM is 65 and is looking to stay on for 3 years and take a fixed salary of $150K. Production will still be split 50/50.

100% Conventional Practice Financing Structured with $75K in working capital for marketing & future growth.

Loan Proposal Issued 5/22/2012

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Mar

29

2012

$775K Veterinary Practice Acquisition
Veterinary Practice
Mar

29

2012

$775K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $775K VETERINARY PRACTICE ACQUISITION, 6.10% FIXED ADJ. EVERY 5-YRS, 15-YR TERM

Scenario: Successful Veterinarian with two existing practice locations looking to acquire a third practice. She approached 1st Med looking for as close to 100% financing as possible.

100% Conventional Practice Financing Structured with $175K seller hold-back to acquire the practice plus and include $75K in working capital.

Closed 03/29/2012

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Mar

28

2012

$910K Optometry Practice RE Acquisition
Optometry Practice
Mar

28

2012

$910K Optometry Practice RE Acquisition
Optometry Practice
Loan Terms: $910K OPTOMETRY PRACTICE REAL ESTATE ACQUISITION & EXPANSION, 100% FINANCING, 5.75% (PRIME + 2.50), 25-YEAR TERM

Scenario: A successful Optometrist was approaching the end of her current lease and needed to decide to relocate or resign. She had her eye on an old building in town which has a perfect main street location. Enter 1st Med, we were able to structure the financing for the acquisition, demo & build-out.

100% Financing structured to refinance current practice debt, acquire the building, demo & build-out to suit and include all closing costs & third-party fees.

Closed 03/28/2012

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Mar

21

2012

$190K Dental Practice Debt Consolidation
Dental Practice
Mar

21

2012

$190K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $190K DENTAL PRACTICE DEBT REFI, 6.25%, 15-YR TERM

Scenario: Successful Dentist looking to refinance his start-up practice loan to a lower rate and access to working capital to expand on his implant business.

Conventional 100% Financing structured for debt refinance, loan related soft costs and working capital for implant business.

Closed: 03/21/2012

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Mar

08

2012

$457,000 Optometry Practice Partner Buy-In
Optometry Practice
Mar

08

2012

$457,000 Optometry Practice Partner Buy-In
Optometry Practice
Loan Terms: $457K OPTOMETRY PRACTICE PARTNER BUY-IN, 6.25% FIXED ADJ. EVERY 5-YRS, 15-YR TERM

Scenario: Current associate OD working who had been working at the practice for a little over a year was offered a buy-in opportunity. The current owner was planning to retire in 5 years and planned to curtail his work load.

100% Conventional Practice Financing structured with $10K in working capital.

Commitment Issued 3/8/2012

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Feb

10

2012

$500K Dental Practice Expansion (2nd Location)
Dental Practice
Feb

10

2012

$500K Dental Practice Expansion (2nd Location)
Dental Practice
Loan Terms: $500K DENTAL PRACTICE EXPANSION, 100% FINANCING, 5.25% (PRIME + 2), 15-YEAR TERM

Scenario: Successful dental practitioner with a proven existing location came upon a great location near his home. He approached 1st Med looking to expand into this market with a 2nd location.

100% SBA 7(a) Financing structured to take-out current practice debt and allow for Tenant Improvements ($200K), Equipment ($100K) and Working Capital ($50K).

Closed 02/10/2012

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Feb

10

2012

$550K Optometry Practice Bldg. Acquisition
Optometry Practice
Feb

10

2012

$550K Optometry Practice Bldg. Acquisition
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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Jan

26

2012

$855K Veterinary Practice Start-Up
Veterinary Practice
Jan

26

2012

$855K Veterinary Practice Start-Up
Veterinary Practice
Loan Terms: $855K VETERINARY PRACTICE START-UP, 6.50% FIXED, 18-YEAR TERM

Scenario: Former Veterinary Practice owner with 6+ years of management experience was looking to start-up an emergency clinic and purchase real estate to house the practice. After finding the perfect location for her practice, 1st Med was contacted.

100% SBA 7(a) Financing structured to buy the real estate, build-out to suit, new equipment, working capital & cover closing costs.

Loan Proposal Issued 1/26/2012

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Dec

29

2011

$950K Optometry Practice Acquisition
Optometry Practice
Dec

29

2011

$950K Optometry Practice Acquisition
Optometry Practice
Loan Terms: $950K OPTOMETRY PRACTICE ACQUISITION, 6.60%, 10-YEAR FIXED TERM

Scenario: A successful MS Optometrist with a mobile practice serving assisted living facilities was growing tired of the travel requirements. When she found an existing fixed location for sale, she contacted 1st Med Financial.

100% Conventional Practice Acquisition Financing structured to acquire the practice and all assets. Also included $100K in working capital to assist with new branding and the transition period.

Closed: 12/29/2011

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Oct

23

2011

$675K Pharmacy 2nd Location Expansion
Pharmacy Practice
Oct

23

2011

$675K Pharmacy 2nd Location Expansion
Pharmacy Practice
Loan Terms: $675K PHARMACY 2ND LOCATION EXPANSION, 100% FINANCING, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: Successful Pharmacy practitioner with a proven existing location looking to expand into a great retail location in a nearby city.

100% SBA 7(a) Financing structured to take-out current pharmacy debt and allow for Tenant Improvements ($100K), Inventory ($150K) and Working Capital ($250K).

Closed 10/23/2011

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Oct

18

2011

$600K Veterinary Practice & RE Acquisition
Veterinary Practice
Oct

18

2011

$600K Veterinary Practice & RE Acquisition
Veterinary Practice
Loan Terms: $600K VETERINARY PRACTICE & RE ACQUISITION, 100% FINANCING, 5.25% (PRIME + 2), 25-YEAR TERM

Scenario: Associate Vet looking to purhcase the real estate & practice she was had been working at for the past 3 years.

SBA 7(a) Proposal Issued

100% Financing (w/ 10% seller hold-back) structured for practice & real estate acquisition, loan related soft costs and $50K in working capital for growth.

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Oct

11

2011

$170K Pharmacy Debt Consolidation & W. Cap
Pharmacy Practice
Oct

11

2011

$170K Pharmacy Debt Consolidation & W. Cap
Pharmacy Practice
Loan Terms: $170K PHARMACY DEBT CONSOLIDATION, 6.75%, 7-Yr. FIXED TERM

Scenario: Successful Pharmacist looking to consolidate SBA start-up loan, line of credit & increase capital on hand to help with compounding initiative.

Conventional 100% Financing structured for debt consolidation, loan related soft costs and working capital for compounding intiative.

Closed: 10/11/2011

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Oct

06

2011

$583K Dental Pract. Debt Consolidation
Dental Practice
Oct

06

2011

$583K Dental Pract. Debt Consolidation
Dental Practice
Loan Terms: $583K DENTAL PRACTICE DEBT CONSOLIDATION & W. CAP, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: Chicago Area Dentist 3 years into his growing practice looking to consolidate his start-up & other accumulated practice debt.

SBA 7(a) Loan structured to consolidate current debt (Patterson, LOC & Practice Credit Cards), working capital for marketing and growth with $30K on stand-by for new op in 2012.

Increased monthly cash flow by $3500.

Closed: 10/06/2011

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Sep

15

2011

$230K Dental Practice Partner Buy-Out
Dental Practice
Sep

15

2011

$230K Dental Practice Partner Buy-Out
Dental Practice
Loan Terms: $230K DENTAL PRACT. PARTNER BUY-OUT, 100% FINANCING, 6.75%, 7-YEAR FIXED TERM

Scenario: General Dentist with two locations looking to buy-out partner who needed to move due to family reason.

Conventional 100% Financing structured for partner buy-out, loan related soft costs and working capital for growth & marketing.

Closed: 9/15/2011

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Sep

15

2011

$805K Dental Practice Start-Up (2nd Location)
Dental Practice
Sep

15

2011

$805K Dental Practice Start-Up (2nd Location)
Dental Practice
Loan Terms: $805K DENTAL START-UP, 100% FINANCING, 6.97%, 10-YEAR FIXED TERM

Scenario: Successful New England area Dentist looking to expand his practice with a 2nd location as a child focused medicaid general practice.

100% Conventional Financing structured for new Equipment Acquisition, Leasehold Improvements, Merchandise & Working Capital.

Closed 09/20/2011

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Sep

01

2011

$325K Pharmacy Debt Consolidation
Pharmacy Practice
Sep

01

2011

$325K Pharmacy Debt Consolidation
Pharmacy Practice
Loan Terms: $325K PHARMACY PRACTICE DEBT CONSOLIDATION, 5.25% (PRIME + 2), 10-YEAR FULLY AMORTIZED TERM

Scenario: Succesful owner of 2 Pharmacy loacations in Texas looking to consolidate practice debt($325K).

SBA 7(a) Loan Proposal Issued:

Financing structured to consolidated all practice debt

Re-Amortized over 10 years at 5.25% (Prime + 2) resulting in a reduced monthly payment and increased cash flow.

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Aug

25

2011

$1.1MM Dental Practice Debt Consolidation
Dental Practice
Aug

25

2011

$1.1MM Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $1.1MM DENTAL PRACTICE DEBT CONSOLIDATION, 6.75%, 15-YEAR FIXED TERM

Scenario: Sucessful Dentist looking to refinance and consolidate his current practice debt (practice acquisition & equipment = $1.1MM).

Conventional Practice Loan Proposal Issued:

Financing structured to consolidate all practice debt

Re-Amortized over 15 years at 6.75% Fixed resulting in a monthly cash flow increase of $4,456. ($53,472 p/yr.)

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Aug

24

2011

$1.9MM Dental Bldg. Construction Project
Dental Practice
Aug

24

2011

$1.9MM Dental Bldg. Construction Project
Dental Practice
Loan Terms: $1.9MM DENTAL BUILDING CONSTRUCTION PROJECT, 5.25% (Prime + 2), 25-YEAR TERM.

Scenario: Successful General Dentist looking to acquire land and construct a new dental office for his 2nd location.

SBA 7(a) Propsoal Issued:

100% financing structured to purchase land, construct new building, purchase furniture, fixtures, and equipment, refinance existing practice debt and to provide working capital and loan related soft costs.

12-month interest only during construction followed by P&I payments.

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Jul

15

2011

$550K Dental Practice Debt Consolidation
Dental Practice
Jul

15

2011

$550K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $550K DENTAL PRACTICE DEBT CONSOLIDATION, 6.45%, 7-YEAR FIXED TERM

Scenario: General Dentist in Laredo, TX three years into a successful start-up looking to refinance and consolidate his start-up loan and 3 subsequent Patterson equipment loans ($550K).

Conventional Practice Loan Proposal Issued:

Financing structured to consolidated all practice debt

Re-Amortized over 7 years at 6.45% Fixed resulting in a reduced monthly payment and an accellerated paydown of debt.

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Jun

30

2011

$700K Veterinary Practice Acquisition
Veterinary Practice
Jun

30

2011

$700K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $700K VETERINARY PRACTICE ACQ, 100% FINANCING, 6.875%, 5-YEAR FIXED RESETTING/15-YEAR TERM

Scenario: Associate Vet looking to purhcase the practice she was currently working at

Conventional 100% Financing structured for practice acquisition, loan related soft costs and working capital for growth.

Closed: 6/30/2011

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Jun

30

2011

$301K Veterinary Practice Debt Refinance
Veterinary Practice
Jun

30

2011

$301K Veterinary Practice Debt Refinance
Veterinary Practice
Loan Terms: $301K VETERINARY PRACTICE DEBT REFINANCE, 6.875%, 5-YEAR FIXED RESETTING/15-YEAR TERM

Scenario: Successful Emergency Veterinary Practitioner looking to restructure his debt to increase cash flow with a lower rate and longer term.

Conventional Practice Financing structured to refinance debt, loan related soft costs and working capital for growth. New loan was placed on a 15-Yr. Fully Amortized term leading to an extra $1488 p/month.

Closed: 6/30/2011

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Jun

28

2011

$1.09MM Optometry Practice Relocation
Optometry Practice
Jun

28

2011

$1.09MM Optometry Practice Relocation
Optometry Practice
Loan Terms: $675K OPTOMETRY PRACTICE RELOCATION, 99% FINANCING, 6.00% (PRIME + 2.75), 25-YEAR TERM

Scenario: Successful Husband & Wife Optometrist team with a two existing locations looking to relocate one of them to the main thoroughfare in town and increase exposure.

99% SBA 7(a) Financing ($10K borrower injection) structured to take-out current practice debt ($240K), Purchase Real Estate ($275K), New Bldg. Construction ($535K) and cover loan related closing costs.

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Jun

08

2011

$550K Pharmacy Start-Up Loan
Pharmacy Practice
Jun

08

2011

$550K Pharmacy Start-Up Loan
Pharmacy Practice
Loan Terms: $550K PHARMACY PRACTICE START-UP, 5.75% (PRIME + 2.50), 10-YEAR TERM

Scenario: Husband & Wife Pharmacsits looking to leave their current positions at the local Walmart and start-up their own independant practice.

SBA 7(a) Start-Up Loan structured to provide Leasehold Improvements, FF&E Acquisition, Inventory Acquisition from McKesson, Working Capital & loan related soft costs.

Closed: 6/08/2011

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May

27

2011

$270K Dental Practice Debt Consolidation
Dental Practice
May

27

2011

$270K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $270K DENTAL PRACTICE DEBT CONSOLIDATION & EQUIPMENT ACQ, 6.00% (PRIME + 2.75), 10-YEAR TERM

Scenario: Successful Dental Practice needing to update equipment & consolidate current debt.

SBA 7(a) Loan structured to consolidate current debt, acquire new state of the art equipment from Henry Schein and include working capital for growth & marketing.

Closed: 5/27/2011

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Apr

29

2011

$835K Dental Practice Debt Refinance
Dental Practice
Apr

29

2011

$835K Dental Practice Debt Refinance
Dental Practice
Loan Terms: $835K DENTAL PRACTICE DEBT CONSOLIDATION, 5.125%, 3-YEAR FIXED/10-YEAR TERM

Scenario: Successful dental practice looking to refinance to lower interest rate and increase cash flow.

SBA 7(a) Loan Proposal Issued: Financing structured to refinance all practice debt

Re-amortized over 10 years at 5.125% resulting in a 65% monthly debt service reduction ($4,806).

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Apr

28

2011

$1.44MM Veterinary Practice Real Estate Construction
Veterinary Practice
Apr

28

2011

$1.44MM Veterinary Practice Real Estate Construction
Veterinary Practice
Loan Terms: $1.44MM VETERINARY PRACTICE BLDG CONSTRUCTION, 5.86% BLENDED SBA 504, 22.5 YEAR TERM

Scenario: A successful DVM running a two doctor practice needing to expand to accomodate growth.

SBA 504 Loan Proposal Issued:

Financing structured at 90% LTV to acquire land, construction of new building, FF&E acquisition, new equipment, and loan related soft costs.

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Apr

20

2011

$875K Dental Practice Expansion
Dental Practice
Apr

20

2011

$875K Dental Practice Expansion
Dental Practice
Loan Terms: $875K DENTAL PRACTICE EXPANSION, 5.25%, 10 YEAR TERM.

Scenario: Successful Perio dental practitioner had outgrown her current location. She entered into a new lease with her current landlord doubling the size of the practice, but was unable to find financing.

Enter 1st Med Financial. We were able to refinance her current debt, include all leasehold improvements, new equipment and working capital.

Closed: 4/20/2011

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Apr

05

2011

$450K Optometry Practice Relocation/Expansion
Optometry Practice
Apr

05

2011

$450K Optometry Practice Relocation/Expansion
Optometry Practice
Loan Terms: $450K OPTOMETRY PRACTICE RELOCATION, 6.00% 4-YEAR FIXED/10-YEAR TERM

Scenario: Successful Husband & Wife Optometry practice looking to expand and relocate their current practice from a 2260 sf. location to a 3650 sf. location.

SBA 7(a) Loan Proposal Issued:

90% Financing structured for Tenant Improvements, New Equipment & Working Capital.

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Feb

28

2011

$955K Dental Practice & RE Debt Consolidation
Dental Practice
Feb

28

2011

$955K Dental Practice & RE Debt Consolidation
Dental Practice
Loan Terms: $955K DENTAL PRACTICE & RE DEBT CONSOLIDATION, 4.75%, 3-YEAR FIXED RESETTING/25-YEAR TERM

Scenario: Successful Dental Practitioner who owned the building he operates out of looking to increase cash flow by reducing interest rate and consolidating loans.

Financing structured to consolidate all practice and real estate debt and re-amortize over 25-Years resulting in a $4,281 increase to monthy cash flows.

Closed: 2/28/2011

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Feb

24

2011

$980K Dentist Office Bldg Refinance
Dental Practice
Feb

24

2011

$980K Dentist Office Bldg Refinance
Dental Practice
Loan Terms: $980K DENTIST OFFICE BLDG REFINANCE, 4.88% (PRIME + 1.63), 25-YEAR TERM

Scenario: Successful Dental Practitioner & Consultant looking to refinance his current office building and take advantage of the SBA Fee Waiver Stimulus.

Financing structured to refinance real estate debt and re-amortize over 25-Years at 4.88% resulting in a $4k boost to monthly cash flow.

Closed: 2/24/2011

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Feb

24

2011

$1.63MM Dental Practice Debt Consolidation
Dental Practice
Feb

24

2011

$1.63MM Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $1.63MM DENTAL PRACTICE DEBT CONSOLIDATION, 5.25%, 25 YEAR TERM

Scenario: Chicago area dental practice occupying two separate locations (Orland & Chicago) with a combined 5400 sf. w/ 2 associates and 10 employees.

Financing structured to consoidate all real estate & practice debt

Re-amortized over 25 years at 5.25% resulting in a 59% debt service reduction ($6,897).

Closed: 2/24/2011

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Feb

08

2011

$375K Dental Practice Expansion
Dental Practice
Feb

08

2011

$375K Dental Practice Expansion
Dental Practice
Loan Terms: $375K DENTAL PRACTICE EXPANSION & DEBT CONSOLIDATION, 5.25% 100% FINANCING. 25-YEAR TERM

Scenario: Dentist w/ existing practice (5-Years) was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

SBA 7(a) Loan Proposal Issued:

Structured 100% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

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Jan

31

2011

$800K Veterinary Practice Acquisition
Veterinary Practice
Jan

31

2011

$800K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $800K VETERINARY PRACT. ACQUISTION, 8.00% 15-YEAR FIXED TERM. 100% FINANCING W/ 10% SELLER HELD 2ND. INCLUDED $50K IN WORKING CAP.

Scenario: Experienced Veterinarian from NY looking to purhcase a practice and relocate to S. Florida.

Structured Conventional 100% Financing for practice acquisition, loan related soft costs and working capital for growth.

Closed in 30 days: 1/30/2011

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Jan

27

2011

$3MM Dental Practice Debt Consolidation
Dental Practice
Jan

27

2011

$3MM Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $3.05MM DENTAL PRACTICE DEBT & REAL ESTATE DEBT CONSOLIDATION, 5.25%, 25-YEAR TERM

Scenario: Successful Dental Practitice doing ~2 Mil in collectoins looking to consolidate Practice & Real Estate Debt.

125% LTV Financing structured to consolidate all practice & real estate debt with an SBA 7(a) Loan.

Re-amortized over 25 years at 5.25% resulting in a 15% debt service reduction

Closed: 1/27/2011

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Dec

30

2010

$806K Dental Practice Debt Consolidation
Dental Practice
Dec

30

2010

$806K Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $806K DENTAL PRACTICE DEBT CONSOLIDATION, 4.88% (PRIME + 1.63). 10-YEAR TERM

Scenario: Dental Practice Debt Consolidation

SBA 7(a) Loan Commitment Issued:

Financing Structured to consolidate equipment & practice debts.

Re-amortized over 10 years at 4.88% resulting in a 68% debt service reduction

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Dec

30

2010

$1MM Veterinary Practice Acquisition
Veterinary Practice
Dec

30

2010

$1MM Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $1MM 100% FINANCING CONVENTIONAL VET PRACTICE ACQUISITION. 7.10% 5/5 10-YEAR TERM. NO SELLER HOLD BACK NECESSARY. FUNDED IN LESS THAN 30 DAYS.

Scenario: Associate Vet looking to purhcase the practice she was currently working at (5 years), A small animal 24Hr. Animal Emergency Clinic 98%.

Structured Conventional 100% Financing for practice acquisition, loan related soft costs and working capital for growth.

Closed in 30 days: 12/30/2010

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Nov

16

2010

$985,000 Dental Practice Debt Consolidation
Dental Practice
Nov

16

2010

$985,000 Dental Practice Debt Consolidation
Dental Practice
Loan Terms: $985K CONVENTIONAL PRACTICE LOAN DEBT CONSOLIDATION. 7.0% 10 YEAR TERM/15 YEAR AMORT.

Scenario: 1800 sf leased space with 5 operatories. Reduced Montlhy Debt Service by $3445.

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Oct

22

2010

$564K Dental Practice Acquisition w/ Real Estate
Dental Practice
Oct

22

2010

$564K Dental Practice Acquisition w/ Real Estate
Dental Practice
Loan Terms: $564K VETERINARY PRACTICE ACQUISITION, 5.25% 95% FINANCING ($25K Injection). 25-YEAR TERM

Scenario: Associate Dentist looking to acquire the practice he was currently employed at. He was also looking to acquire the Bank Owned real estate which housed the practice simultaneously.

SBA 7(a) Loan Proposal Issued:

95% Financing (25K Injection) structured for Practice Acquisition, Real Estate Acquisition Working Capital and Loan Related Soft Costs.

25 Year fully amortizing loan

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Sep

20

2010

$1.31MM Dental Practice Expansion
Dental Practice
Sep

20

2010

$1.31MM Dental Practice Expansion
Dental Practice
Loan Terms: $1.31MM DENTAL PRACTICE EXPANSION, 5.25% 90% FINANCING, 10-YEAR TERM.

Scenario: Dentist looking to purchase a local competitor and merge the acquired practice with his current one.

SBA 7(a) Loan Proposal Issued:

Financing Structured for practice acquisition & to consolidated current practice debt at closing simultaniously.

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Aug

04

2010

$667K Dental Practice Acquisition
Dental Practice
Aug

04

2010

$667K Dental Practice Acquisition
Dental Practice
Loan Terms: $667K DENTAL PRACTICE ACQUISITION, 5.35% 100% FINANCING W/ SELLER HELD 2ND (10%). 10-YEAR TERM

Scenario: Associate Dentist looking to purchase the practice he currently works at.

SBA 7(a) Loan Proposal Issued:

100% Financing structured for practice acquisition, working capital and loan related soft costs.

Close             Get Details Here
Jul

16

2010

$525K Pharmacy Debt Consolidation
Healthcare Practice
Jul

16

2010

$525K Pharmacy Debt Consolidation
Healthcare Practice
Loan Terms: $525K PHARMACY DEBT CONSOLIDATION, 5.25% (PRIME + 2), 10-YEAR FULLY AMORTIZED TERM.

Scenario: Pharmacy Practice Debt Consolidation

SBA 7(a) Loan Proposal Issued:

Financing Structured to consolidate equipment & business start-up debts and provided working capital for growth

Re-amortized over 10 years at 5.25% resulting in a 67% debt service reduction

Close             Get Details Here
Jun

17

2010

$675K Veterinary Practice Acquisition
Veterinary Practice
Jun

17

2010

$675K Veterinary Practice Acquisition
Veterinary Practice
Loan Terms: $675K VETERINARY PRACTICE ACQUISITION, 5.25% 100% FINANCING W/ SELLER HELD 2ND(25%). 10-YEAR TERM

Scenario: Associate Vet looking to acquire the practice she had been working at for the past 5-Years.

SBA 7(a) Loan Proposal Issued:

100% Financing (25% seller held 2nd) structured for Practice Acquisition, Working Capital and Loan Related Soft Costs.

Close             Get Details Here
May

19

2010

$1.03MM Dental Office Bldg. Purchase
Dental Practice
May

19

2010

$1.03MM Dental Office Bldg. Purchase
Dental Practice
Loan Terms: $1.03MM DENTAL OFFICE BLDG. REO PURCHASE 5.25% $2,000 DOWN. 25-YEAR AMORT. INCLUDED $475K BLDG., $125K BUILD-OUT, $100K NEW EQUIP., $250k IN PRACTICE DEBT REFI, AND 50K IN WORKING CAP.

Scenario: Dentist w/ existing practice was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

Structured 98% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

Closed in 45 days: 5/19/2010

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Recent Testimonial

"We recently closed a practice acquisition loan and a real estate loan with Mike Furlong and 1st Med Financial. Having shopped the deal with several local banks and other medical lending institutions, we knew that the conditions and circumstances of the deal were far from ideal.

Mike provided the insight and experienced needed to not only obtain financing, but at rates and terms that far surpassed our expectations. Mike was an absolute pleasure to work with and we would highly recommend him to anyone looking for medical financing."

Dr. Kayla Shipman, DVM