South End Capital Closes a $3,500,000 Office Purchase and MCA Consolidation Loan for an NC Dental Practice

We provided this dental practice $3.5M to purchase $2.245M of real estate for expansion, consolidate $280K of MCAs, $200K for equipment and $775K for working capital and renovations. The borrower had ZERO cash injection, we financed 90% on the real estate and allowed the seller to hold a 10% second mortgage for the down payment. Our new loan reduced over $50K in monthly debt expense down to just under $2K a month!