Dental Practice Financing
Dental Practice Financing

"BRT Financial is a class act and always on the ball. I've been through dozens of these transactions and worked with many lenders and BRT is top notch. There's no funny business and very professional.

BRT was in control of the process and took the time to research and understand the deal so she could obtain the best funding available. Both the buyer and seller were impressed with BRT and the deal was done and funded."

Dr. Shaun M.  Scottsdale, AZ

Practice Financing

"I would like to express my gratitude in sticking with me and getting my loan funded. The lien finally got cleared. I appreciate you believing in me and working with me to the end to get the loan.

You spent many months with me on this, and I am glad I chose to call you back instead of the numerous others I could have. Thank you also for waiving some fees, every bit helps and it really felt like you were trying to help me rather than take advantage of my situation. This loan was not just a loan, it is piece of mind and allows me to provide the best service I can for my patients.

I didn't know if I would get the loan and would have to take from my IRA or credit cards since the construction is already done. This just makes things simpler. You have been an easy, knowledgeable, responsive, reliable, and reasonable company."

Dr.Anupam P.  San Jose, CA

Practice Financing

"Words can't describe how excellent the service was. Turned down by 1 lender, and offered 50% financing by another lender. But Diana never gave up on me and got the loan funded. Thank you so much."

Dr.Stephen K.  Buena Park, CA

Practice Financing

"Thanks BRT. You guys are great at staying in touch. Wish all the banks were like this."

Dr.Rashid R.  Houston, TX

Practice Financing

"The best ever, sharp, smart and confident company. 100% on top of everything. BRT Is Amazing. handled the whole process. They really know what they are doing and I wish I had the individual I dealt with on my team. They wouldn't take no for an answer from people that were used to saying this can't be done."

Dr.Ali M.   Stamford, CT

Practice Financing

"BRT has been great to work with throughout the whole process. Very dependable and efficient. I would highly recommend BRT financial. Having an independent liaison between you and the underwriter is a big advantage, especially if they are on your side. BRT took care of all the communications and followed through every detail. I would use their service again!"

Dr. J,  Anaheim, CA

Practice Financing

"I just want to say "Thanks for helping get into my new practice! If it wasn't for you helping me and knowing the right lender, I would not be in my own dental practice today. Keep up the good work and good luck to you!"

Dr.Denise F.  Hollywood, CA

Practice Financing

"I would really like to thank you for your GREAT help in getting me this hard to fund loan. I tried every bank, no one wanted to help! I know that you worked hard and made it work. I will definitely refer you to my fellow doctors."

Dr.Emily W.  Las Vegas, NV

Practice Financing

"48 hours after completing the simple on-line application I received notification I had been approved for unsecured financing and just 2 days later had the money in my account with a great interest rate and fixed terms with no pre-payment penalties."

Dr.Paul S,  Erie, PA

Practice Financing

"I went to my local bank for financing and they turned me down! Thank you so much for all your help... 5 payments in and things couldn't be better!! Thanks again for all of your help this past summer. It sure is nice being able to sleep at night without worrying about how we were going to pay off those credit cards. My wife and I can't thank you enough!!! Our other situation has also been resolved without a problem. The best part is I am saving $2,440.29 per month and I will have it all paid off in 5 years!"

Ronald R. DDS  Morton,Illinois

Practice Financing

"BRT financial did a wonderful job assisting me in the acquisition of my physician's loan. Their extremely prompt and courteous service made the process painless, while their attention to detail and willingness to listen allowed me to get the loan that best suited my needs!" Thanks

Dr. Andrew, MD  Wheaton, IL

Practice Financing

"When I decided to purchase a chiropractic practice, financing became one of my biggest concerns. Luckily I was blessed with discovering BRT Financial. My practice finance specialist, worked one-on-one with me from the very first day. She assisted me in exploring all my options and always gave the extra time to make sure everything went smoothly. Thank you, BRT for helping me acquire the practice of my dreams!"

Dr. C.F. MD  Atlanta, GA

Practice Financing

"Today I talked with BRT Financial, I dealt with them a number of years ago when I was building my practice. BRT is Christian based and is operated on Christian principles. You can be assured that BRT will be always looking for what is in your best interest."

Dr. J.W. MD  Cleveland, OH


Medical Practice Financing
Commercial Real Estate Financing
Commercial Financing

Underwriting Guidelines

Eligible Property Types: Medical office buildings, professional office buildings. Single tenant office properties or 51% owner-occupied with long-term leases.


Loan Size: $250,000 - $5,000,000


Eligible Locations: Nationwide


Loan Term Amortization: 15, 20, 25 Years


Collateral: First lien position as certified by title insurance policy on property. Collateral assignment required; subordination of tenant leases may be required.


Debt Service Coverage Ratio: Minimum DSCR of 1:2 depending upon property type, age, physical condition, location, and competitive market position.


Loan-to-Value Ratio: Up to 80% of MAI Appraised Value


Loan Escrows: Borrower may be required to contribute monthly to an escrow account for real estate taxes and property insurance. The borrower may also be required to establish a monthly capital replacement escrow reserve equal to the greater of (a) 5% of gross revenues or (b) an amount to be determined on the basis of an engineering report and site inspection.


Appraisal: Complete Summary MAI Appraisal and Environmental Insurance/Screen or Phase 1 required.


Survey: Updated survey required unless title company agrees to delete the standard exceptions from the title policy.


Reserves at Closing: The borrower shall establish a remediation/repair reserve at closing equal to 125% of required deferred maintenance repairs as indicated in the environmental and architectural/engineering reports.


Eligible Principals: U.S. citizens, permanent resident aliens, non-permanent resident aliens (with restrictions); majority principal owners cannot be on probation or parole.


Recourse: Must be personally guaranteed by all 20% or greater owners of real estate or operating entity.




Contact Us Commercial Medical Real Estate Financing



         


Doctor Financing
Credit eBook Credit e-Book
• FICO Credit Reports!!

                               

  BRT Financial, Inc.
450-106 State Road 13N, Suite 408
Jacksonville, FL 32259

Tel: 904-551-6090
Fax: 904-513-9229

Business Hours:
9.00-6.00 PM (EST)

Copyright© 2002 -  brtfinancial.com - BRT Financial, Inc.  All rights reserved.

Medical Practice Building Financing Commercial Real Estate Loans Dental Practice Building Loan Commercial Real Estate Funding Medical Building Financing
Privacy Policy
Commercial Loans Gas Station/C-Stores Automotive Lodging Retail Industrial News