Practice Loan Details
Date: |
February 24, 2011 |
Title: |
$1.63MM Dental Practice Debt Consolidation |
Practice Type: |
Dental Practice |
Loan Terms: |
$1.63MM DENTAL PRACTICE DEBT CONSOLIDATION, 5.25%, 25 YEAR TERM |
Scenario: |
Chicago area dental practice occupying two separate locations (Orland & Chicago) with a combined 5400 sf. w/ 2 associates and 10 employees.
Financing structured to consoidate all real estate & practice debt
Re-amortized over 25 years at 5.25% resulting in a 59% debt service reduction ($6,897).
Closed: 2/24/2011
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1st Med Advantages
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