A Dentist in San Antonio opened up a second location. JMA was able to secure her $900K for the office including 100% financing (no money out of pocket). I was able to leave her current practice debt in place and NO lien was place on her personal residence
- San Antonio, TX
A Dentist in New Jersey just completed buying the building his practice is located in, $585K for a three level building plus basement. The DDS occupies just over 50% of the building which makes him eligible for 100% financing. He rents out the Third and part of the second floor which completely covers his mortgage. He went from a tenant paying rent to an owner with NO money out of pocket and his mortgage is completely covered by his renters!
- New Jersey
JMA was able to secure 100% financing for a $600K Debt consolidation plus a $600K New location for a DDS in Los Angeles. I spoke to her about engaging in an SBA loan for the second location however she was not excited about the paperwork involved. I advised her for second locations Conventional Lenders require either money down or proper lien position on first location. She decided to allow us to REFI her current practice debt at a lower rate, I was also able to secure $600K for her second location. JMA facilitated $1.2 million with no money out of pocket and no lien on her personal residence.
- Los Angeles, CA
$100K Working Capital transaction for a DDS in UTAH. The DDS had an office a manager who made some egregious errors billing insurance. This caused a severe cash flow crunch that was going to cause a lapse in payroll. The Working Capital Loan was able to bridge the gap.