Q & A: 100% Financing for Medical Professionals

Q: 100% Doctor Financing, how does it work? Do you have an intake form or prequel form you would like to see?

CommercialLendingPros.com: This is a special SBA loan program. Here's a flyer and our standard SBA loan application form with the checklist of documents needed to pre-qualify a loan request.

Please note that this program usually requires a doctor to come to closing with up to 10% of the total project cost (unless he/she can document they've already invested that much or have that much equity in the land) and then he/she is reimbursed after closing for most of that amount with "working capital".  So it ends up being at or about 100% financing but they may need at least 10% IN LIQUID ASSETS TO COME TO CLOSING WITH - DEPENDING ON THE SPECIFICS OF THEIR SITUATION.

Q: What do you mean reimbursed with working capital?  Is the 10% available as a line?  I can see some doctors using personal funds to qualify but interested in returning the funds to where it was taken from after closing.

CommercialLendingPros.com: With this SBA loan program we can finance real estate acquisition, build-out, inventory, equipment and working capital. So, for example, if a doctor was opening up a new office and the TOTAL COST for all of the above mentioned items was $700,000, with a breakdown of :

$550,000 for real estate purchase

$40,000 for build-out

$15,000 for furniture and fixtures

$40,000 for equipment

$30,000 in inventory

$25,000 in working capital for 1st year salary for a receptionist / office assistant

The doctor would come to closing with $70,000 (10% of total cost of project) but get back $55,000 after closing to cover the cost of inventory and "working capital" to pay for the office assistant. The doctor ends up getting more than 100% of the real estate purchase financed and somewhere between 90% and 100% of TOTAL COSTS financed.

I hope that helps you better understand how the program works. Don't hesitate to call or email if you have any additional questions.

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

Email: mailto:loans@loans@CommercialLendingPros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

Commercial Financing- what's hot and what's not??

These are the loan types that are easiest to fund given current market conditions.

1) SBA loans for owner occupied / owner run businesses up to 80% of purchase price, project costs or appraised value of real estate. We can go up to 90% of project costs for medical professionals with one of our special SBA programs. Minimum loan amount $400,000. Maximum loan amount $2,000,000.

2) FHA loans for multi-family housing or assisted living facilities. Up to 85% 1st lien financing. 35 - 40 year amortization. Fixed rates. 1.18 DSCR. Only negative is that depending on size and complexity of project and which state the project is in - most HUD offices are back up and closings could take 4-6 months from date of application to funding. Prefer $2 million minimum. No maximum on this program.

3) FNMA / HUD loans for multi-family up to 80% LTV. Only taking 60 days to close these in most cases. $750,000 minimum loan amount to $20,000,000. Minimum DSCR was just increaased to 1.25. Need 90%+ occupancy.

4) USDA Rural loans for businesses (owner occupied and investment properties are elligible). $750,000 minimum. $10,000,000 maximum. Up to $5 million, in house underwrtiting approval. Over $5 million requires Washington DC approval so add 30-60 days to sgtandard 60 day closing process. Prime + 2.50% adjustable quarterly. To be elligible, the business / property must be based in a municipality with 50,000 or less population.

5) Loans against securities (stocks, bonds, treasuries) with no income verification or minimum credit requiirements. Loans of 60% - 80% of current asset value of portfolio. Rates are interest only in the 5% - 6% range. All we need is recent monthly or quarterly statements to review and within 3-5 business days we can generally issue a formal loan proposal offer. Close and fund in less than 30 days in most cases.

We offer many other programs, but given the tight market conditiions that exist today, these are my recommendations for the quickest and easiest route to loan approvals and closings.

Tony DeCresie

Commercial Capital, Ltd.
Your #1 Source for Business & Commercial Loans
Office: 863-299-2929
Fax: 863-877-4456
Cell: 813-833-3132

http://www.commerciallendingpros.com

Investment Opportunity: Exciting Medical Jobs Marketplace

Medical JobMarketplace.com (MJM) is an exciting new medical job marketplace for employers to find staff and for job seekers to find jobs. The site is competitive in size and scope and has the capacity to multiply servers within 2-14 days as the site grows. The site has a 12 million IP Appraisal on it and is current as of February 2009 and is based on the website as it sets now.

MJM once in full operational swing should generate 6M the first year 8M the second year and 11M the third year. Its style and offering is competitive with the likes of www.careerbuilders.com and www.monster.com; the website revenues are at 768,000,000.00 in a bad economy with annual reports ending December of 2008.

The owner has 29 years of experience operating a medical recruitment company and has key national contacts in the medical industry that will move the website forward. This was one of the motivations for developing this website. There is no other website in the industry like the MJM website in the medical / healthcare field.

The website IP address is: http://www.medicaljobmarketplace.com

Expansion funding is being sought in the amount of 2.5M in return for either 25% equity position in the corporation or a rate of return of investment at 12% over a 3-5 year period. Owner would like to buy back the 25% in 3-5 years based on pre-defined terms if that can be worked out. Owner will negotiate in the effort of getting this funding. Owner is aggressively seeking this capital as of March 2009.

The 2.5M includes debt service payments in the amount of 18,500.00 per month for the next 3 years with balloon note at the end of term. This was done to provide guarantee of debt service ability for the next 3 years.

If you are interested and would like a copy of the IP/website appraisal please email sandersen@nhhcc.org or call Sherry Andersen at 904-683-7564 or call Tony DeCresie at 863-298-8900, eFax 863-877-4456 or call cell at 863-833-3132 as Tony and his company are assisting Ms. Andersen in facilitating exposure and mediation-broker services in getting this funding.
The owner would consider selling the website at the appraised value. Owner is Industry savvy and understands the value of the website.