$1.25MM Orthodontist Practice Acquisition

Date:
August 28, 2017
Practive Type:
Dental Practice
Scenario:
A successful Orthodontist in Tennessee, was looking to purchase a practice in his hometown of Huston TX. He was looking for 100% financing and also requesting additional working capital.

The issue the doctor was running into with other lenders was that the current owner of the practice just purchased it 18 month prior. Most Lenders wanted to wait to make sure that the current owner was able to keep up the collections from prior years. That is when he contacted to 1st Med Financial.

After multiple conversations, we were able to dig into why the current owner was selling the practice. It turned out that the current owner needed to move back to his hometown due to personal reasons that had nothing to do with the practice or the collections. This allowed us to get the doctor the financing he was looking for.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital.

Closed: 08/28/2017.

Loan Terms:
$1.25MM ORTHODONTIST PRACTICE ACQUISITION, 5.75%, 10 YEAR TERM - FIXED RATE

Please contact one of our experienced pracitce loan advisors at 800-318-7125.