I received the following terms from a bank re: financing for build-out of a new dental office. The proposed interest rates and the payments are as follows: Term, Amortization Interest Rate Payment 5 years, 5 years 6.3% $9,736 7 years, 7 years 6.8% $7,498 5 years, 15 years 6.3% $4,301 7 years, 15 years 6.8% […]
Tag: dental office build out
Take Out a Loan for Dental Office Build Out or Just Roll it into the Lease?
I have found a location I really like for a new office. It is in a plaza center with extremely high visibility and traffic anchored by Staples, Hastings, Ace Hardware, and a Dollar General. There is a Lasik Center coming in soon too. I haven’t even started negotiations, but the leasing agent is already offering […]