Practice Loan Details


Date: August 24, 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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