Medical Practice Loans
We are pleased to offer medical practice loans for the purchase or refinance of medical practice properties nationwide. We provide commercial mortgage loans and medical practice loans for the acquisition of medical practices, with a minimum loan size of $1,500,000. We will provide financing for real estate, as well as partner buyouts and medical practice acquisitions. One of the benefits of a medical practice loan from Select Commercial is that we are able to lend up to 100% LTV – we will consider loan requests with little or no money down! Many dentists who are looking to purchase medical practices lack the necessary down payment often required by their local banks. We are pleased to be able to help these professionals get started. We have a special division that caters to these single use and specialty real estate loans. Select Commercial offers many commercial mortgage loan programs to the owners and purchasers of single use properties and/or special use commercial real estate. Single use properties are commercial properties that have a specific purpose geared to a specific industry, such as a medical building, gas station, restaurant, or motel. These loans are not generally preferred by traditional banks and are commonly rejected. This is a problem for small business owners and self-employed borrowers as these properties are often owned by small business owners. Also, many small business owners find that they have trouble obtaining traditional bank loans for these properties due to their company’s size, credit rating, or difficulty producing tax returns. In addition, if you are starting up a new business or expanding an existing business, it may be possible for us to use projection-based income in order to qualify. Traditional banks can’t match the ability we have to “stretch the guidelines” to help your business grow. These loans have always been a large portion of our business. We actively lend on gas stations, restaurants, hotels and motels, bed and breakfasts, laundromats, service stations, bowling alleys, movie theaters, golf courses, marinas, retail stores, independent groceries, franchises, auto repair, manufacturing plants, liquor stores, health clubs, self-storage, mini-storage, parking garages, campgrounds, recreational facilities, RV parks, and many other single purpose properties. We even financed a sky diving wind tunnel for one of our clients! We will entertain loan requests of all sizes, beginning at $1,500,000.
Our Commercial Real Estate Loan Benefits
Rates start as low as 6.92% (as of April 19th, 2024)
• A commercial mortgage broker with over 30 years of lending experience
• No upfront application or processing fees
• Simplified application process
• Up to 75% LTV with conventional loan, up to 100% with SBA loan
• Terms and amortizations up to 25 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
• Partner buyouts, equipment financing and working capital
