| Date: |
November 17, 2017 |
| Title: |
$492K Optometry Practice Debt Consolidation |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$492K OPTOMETRY PRACTICE DEBT CONSOLIDATION, 5.39% 15-YEAR FIXED TERM (2.99% FOR FIRST TWO YEARS & 5.39% FOR FINAL 13 YEARS FIXED) |
| Scenario: |
A successful optometrist was looking to refinance his practice loan due to the high interest rate. He was looking to take advantage of historically low rates and decided to give 1st Med Financial a call.
The issue that the doctor was having was then when he purchased his practice he had a couple of credit issues. He had to accept a higher rate to get the deal done. He now wanted to see if it was possible to refinance at lower rates. 1st Med Financial was able to help even though he only owned the business for 2 years.
Conventional Optometry Practice Financing structured to refinance the practice loan.
Closed: 11/17/2017 |
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