Bridge
Posted 16d agoMedical practice buyout
$520,000
Location
Denver, CO
Target rate
9.75%
Term
5 yr
Property type
Single family
Property & underwriting
- Occupancy
- Non-owner occupied (investment)
- Lien position
- 1st lien
- As-is value
- $800,000
- LTV (as-is)
- 65.0%
- Exit strategy
- Refinance to conventional
- Borrower experience
- 4-10 deals completed
- Borrowing entity
- LLC
- Funding timeline
- 2-4 weeks
- Additional collateral
- Practice assets
Use of funds
Partner buyout
Deal summary
Dental practice partner buyout. Twelve years of operating history and stable collections.