Closings Modal| $802K Optometry Practice Partner Buy-Out

Date:

July 23, 2013

Practive Type:

Optometry Practice

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.

Loan Terms:

$802K OPTOMETRY PRACTICE ACQUISITION, 6.22%, 10-YEAR FIXED TERM