Closings Modal| $2.45MM Oral Surgery Practice Acquisition

Date:

June 27, 2014

Practive Type:

Dental Practice

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

Loan Terms:

$2.45MM ORAL SURGERY PRACTICE ACQUISITION, 5.75%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS