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Medical Financing Program Highlights

Medical Financing Program Highlights. Medical Capital Markets Update.

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Medical Financing Program Highlights

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  1. Medical Financing Program Highlights

  2. Medical Capital Markets Update “There are new credit facilities available to informed medical professionals that will enable them to extract tangible equity from their practice, consolidate high interest rate debt and make strategic acquisitions and the time to act is now”

  3. Extract equity for strategic investment opportunities. • We are creating credit facilities for medical professionals that enable them to improve cash flows via debt consolidation, make strategic practice acquisitions, take cash out via net tangible equity which is 60% of Long Term Gross Collections (60% LTGC), make partnership buyouts and expansion capital.

  4. Guideline Basics • Loan To Gross Collection (LTGC) • Gross collections example: Private practice does 1.2 million in gross revenue but gross collections are only 1.0 million • Max Loan Amount is traditionally $850,000 or 85% of Gross Collections

  5. 1.25 DCR is what the underwriters are using to determine max loan amount • 660 Credit Score • This is fixed rate financing! • Rates: General rates on 5yr terms are mid to high 7%’s and a 15 year terms are 8-9%

  6. Closing Time Frame: 4-30 days • Minimal paperwork to close this loan- Submit 2 years personal and corporate returns along with a detailed personal financial statement (PFS) with the online application and that’s it!

  7. Loan Program #1 • Debt consolidation- Average savings are $40,000 per year. Improve your cash flow and improve the value of your practice. Note: Debt does not always have to be related to the business. This is unique and is a feature that separates us from our competition.

  8. Loan Program #2 • Medical Cash/Equity Out Loan • 60% of LTGC – (minus) existing debt • 500-600k max equity out. • Cash out is currently being used for strategic commercial property investments, distressed practice acquisitions and new business ventures etc.

  9. Loan Program #3 • Acquisition and Start Up Financing • Our Start Up Financing and Practice Acquisition Financing program has a graduated rate and payment option to help better manage the cash flows of your practice.

  10. Loan Program #3 cont. • Start ups ok for Medical, Dental and Veterinarians. Typical initial credit facility is $400k including working capital financing. • New graduates are being approved for an acquisition or start up loan. Medical professionals licensed less than two years do need business experience and would probably need some type associate income to qualify.

  11. How to Be Creative and Separate Yourself From The Competition • Example: Dental Lab is looking to acquire a new location for expansion. The Dental Lab currently has a local bank approval at 75% LTV at 7.5% that’s fixed for 5 years.

  12. Being Creative Cont. • Why not get more leverage than75% LTV and go to 90%. We can help you create a 90% LTV credit facility when there is real estate involved in the transaction and it’s amortized over 25 years giving the doctor much lower payments. If there is no real estate involved you can still get 85% LTV • In conjunction with Medical Cash/Equity Out Loan, where the Dr. could access the needed equity for the 10% equity requirement you have added real value to that medical professional and will have gained a client for life!

  13. The Time To Buy Or Invest is Now • Medical professionals should consider this program to: Acquire a new location or competitor Buy out an existing partner Take cash out to participate in real estate debt Take cash out to pay off high interest debt

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