Practice Loan Details
| Date: |
June 178, 2014 |
| Title: |
$2.45MM Oral Surgery Practice Acquisition |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$2.45MM ORAL SURGERY PRACTICE ACQUISITION, 5.75%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS |
| 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 |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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