May 06, 2015

Dental Practice

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

$1.6MM DENTAL PRACTICE RE ACQUISITION, 6.00%, 25-YEAR TERM, 6.00%, (Prime + 2.75%), 25-YEAR TERM