| Date: |
January 27, 2016 |
| Title: |
$500K Optometry Practice Relocation and Debt Consolidation |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$500K OPTOMETRY RELOCATION & DEBT REFI, 4.49%, 10 YEAR TERM - FIXED RATE |
| Scenario: |
An experienced Optometrist in Arizona was looking to move his practice to a new location. He was also looking to consolidate his practice loans along with additional working capital to help with the transition.
The doctor approached 1st Med Financial for help. Initially, 1st Med was able to get the doctor an offer for the Debt Consolidation along with working capital and tenant improvements for the new location.
The doctor was very happy with the proposal and then asked if we can increase the loan to include equipment as well. 1st Med Financial was able to also secure financing for the equipment in one practice loan .
100% Conventional Practice Acquisition Financing structured to cover the debt consolidation, equipment, tenant improvements & working capital of $64K.
Closed: 01/27/2016 |
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