Just recently, a dentist was referred to LenDRgroup Consulting because he needed to finance the building of a new dental facility. He had outgrown his current lease space to the point that he had to turn patients away. He was desperate for more room and needed to expand. As we are all aware, cash is critical when running your own business. Therefore this dentist wanted to avoid putting cash towards the typical down-payment required by a traditional bank. LenDRgroup Consulting, however, provides financing solutions that require less money down. We enabled this Dentist 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 that included refinancing existing debt, the cost to relocate, a 10K square foot ground-up construction project with $200K in equipment funding based on his current and projected cash flow. We got this deal done, we saved the doctor roughly 430,000 dollars AND created a revenue producing asset for the dentist as he could lease 4800 sq. ft of his new building!
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.