Professional Building Loans
When You need to Own Your Own Building!
Coffman Capital has helped doctors buy, build and renovate practices by helping them with financing since 1998. Among the types of facilities we’ve helped to acquire and build, these include:
- Free-standing Clinics for all types of Health Care Professions
- Office Condominiums
- Surgical Centers
- Urgent Care Centers
- Veterinary Clinics with Boarding facilities
…and others involving large build-outs of existing buildings. All of this involves the necessary knowledge to help you organize your project, analyze the financial performance of the business, and know who the right source is to finance your project with competitive terms.
How Much Cash Do I Need?
We know how to ascertain how much cash you will need for your project, and how to minimize that amount. We may also help you figure out where that cash may be obtained if you don’t already have it.
We always include working capital and loan costs in the financing package so that you are fully equipped to succeed once you close on your transaction.
How Much Can You Lend?
Coffman Capital has helped with both large and small projects. While most lenders can only seem to help if you’re trying to borrow $350,000 to $500,000 or more, we often make loans of as small as $150,000.
Do You Need Collateral or Real Estate?
Coffman Capital specializes in financing Under-Collateralized Projects. If your project is for a new clinic or surgical center that involves leased space, we can help there as well (see Healthcare Practice Loans). The collateral value of even a large surgical center is usually much less than the loan, so our ability in that area becomes a key advantage for you!
What About Credit?
You need good credit, no question about it. But what is and isn’t acceptable for getting a loan can vary and we’re just the ones to help you find out what will and won’t work. And having sizable student loans isn’t usually a problem either.
What Does Coffman Capital Charge?
We charge a consulting fee payable only when the loan closes. This fee is discussed as soon as you like, normally when it sounds like a transaction that will work for both of us. A very basic fee agreement is given to you during the loan process prior to submitting to a lender and you receive an invoice after the loan is closed and loan disbursements begun including construction draws.
So Let’s Get Started! Give us a Call Today at 813-891-1811 and find out what we can do to help you succeed in Your New Practice!