Practice Loan Details
Date: |
August 236, 2011 |
Title: |
$1.9MM Dental Bldg. Construction Project |
Practice Type: |
Dental Practice |
Loan Terms: |
$1.9MM DENTAL BUILDING CONSTRUCTION PROJECT, 5.25% (Prime + 2), 25-YEAR TERM. |
Scenario: |
Successful General Dentist looking to acquire land and construct a new dental office for his 2nd location.
SBA 7(a) Propsoal Issued:
100% financing structured to purchase land, construct new building, purchase furniture, fixtures, and equipment, refinance existing practice debt and to provide working capital and loan related soft costs.
12-month interest only during construction followed by P&I payments. |
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