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
Contact one of our experienced Practice Loan Advisors at (800) 318-7125.