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Practice Loan Rate Sheet

 

Conventional Practice Loan Program Rates

Practice Acquisition/Debt Consolidation/Partner Buy-Out/Partner Buy-In
$250,000 to $10,000,000

Max LTV Fixed Period Rate Max Amort.

100% Finanacing plus Working Cap.

3/3/3/3/3 Call 15
5/5/5 Call 15
7 Call 7
10 Call 15
15 Call 15

 

Physician & Practitioner SBA 7a Loan Program Rates

(Non-Real Estate Practice Only Transactions)
$250,000 to $5,000,000

Max LTV Fixed Period* Rate Max Amort.
Up to 100% Financing Available
Adj. Call 10
3-Year Call 10
5-Year Call 10
10-Year Call 10
*Fixed programs available to qualifying practitioners
Practice Acquisition/Relocation/Refi/Start-Up (With Real Estate)
$250,000 to $5,000,000

90% LTV (10% Down)
or
100% (w/Seller Held 2nd) 

Adj. Call 25
3-Year Call 25
10-Year Call 25
25-Year Call 25
*Fixed programs available to qualifying practitioners

 

Physician & Practitioner SBA 504 Loan Program Rates

Commercial Real Estate Acquisitions/Construction/Debt Refinace
$500,000 to $10,000,000

Max LTV Fixed Period Rate Max Amort.

90% LTV

Adj. Call 25
3 Call 25
5 Call 25
10 Call 25
25 Call 25

 

Working Capital / Medical Equipment Loans

$100,000 to $1,000,000

Guarantee Fixed Period Rate Max Amort.

Personal Guarantee Required

Adj. Call 10
to
15-Year Call 15
NO Personal Guarantee Required
5-Year Call 5
to
7-Year Call 7
 
Please Call Us! (800) 318-7125

* Rates are for discussion purposes only and may not be available in every state. All transactions are subject to submission of formal application, underwriting and written lender approval
.
*We ask that you please contact us to discuss each loan request in more detail.

 

 

1st Med Advantages


  48 Hour Pre-Approvals
  Direct Industry Knowledge
  Streamlined Closing Process
  No Up-Front or APP Fees Ever!

Recent Closings

Apr

25

2013

Veterinary Practice
$1.05MM VETERINARY PRACTICE & RE ACQUISITION, 5.7...
Apr

05

2013

Veterinary Practice
$200K VETERINARY PRACTICE ACQUISITION, 6.68% INT....
Mar

29

2013

Pharmacy Practice
$220K PHARMACY PRACTICE START-UP, 5.25% (PRIME + ...
Feb

28

2013

Dental Practice
$532K DENTAL PRACTICE DEBT CONSOLIDATION. 5.6% 7-...
| See More Recent Closings

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

| View More Testimonials
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