Just recently, a prosthodontist was referred to LenDRgroup Consulting because he needed to finance the building of a new dental facility. He was growing his business by 25% annually and was currently situated in a 2nd floor medical condo—he was desperate for more room and needed to expand. Unfortunately, he was low on cash and couldn’t afford the typical down payment required from a traditional bank. LenDRgroup Consulting, however, provides financing solutions that require less money down than a conventional lender would typically require—we enabled this prosthodontist to preserve strong working capital to drive toward continued business growth.
Because LenDRgroup Consulting has deep knowledge of the dental and healthcare industries as well as unparalleled commercial real estate lending expertise, we were able to truly understand his long-term plans. We put together financing for a 10K square foot ground-up project with $500K in equipment funding based on his current and projected cash flow. And we got the deal done!
Ultimately, when you are facing a large dental facility construction project, it is key to partner with someone who understands the nuances and challenges faced by a professional like you and what goes into a big dental specialty build.
LenDRgroup Consulting excels in the following areas:
- Lease to Own: You are seeking to buy a building that you are currently leasing or are thinking about moving out of a leased space into a new building you want to purchase.
- Expansion or Ground-Up Construction: You are growing out of your existing space and want to do a ground-up construction project or are thinking of purchasing a building to renovate.
- Start-up/Multi-Practice: You want to start or acquire a practice that involves real estate—or you are looking to open an additional practice location.