100% Acquisition Financing Combined with Seller Financing for Real Estate
Challenge:
After many years of practice experience, I was excitedly looking forward to buying my own first practice. However, even with my years of practicing experience and an excellent, but brief, credit history, I found it impossible to secure funding. Most lenders wouldn’t even give me a chance. They wanted a longer practicing history in America, a more established credit bureau rating, and a mandatory capital injection. I was at the point of putting my long-term goal on hold, until I called USMF.
Solution:
Not only did USMF want to work with me, they also advised my negotiation and helped to plan the entire acquisition. With perfectly tailored terms and conditions, they structured a combination of seller financing for the real estate, coupled with their own practice financing. The funding package USMF put together was acceptable to me—and more importantly, to the seller. The paperwork they provided was simple and easy to understand. Since I was assigned my own representative, it became a very friendly and personal relationship. I didn’t feel lost in a large company, being transferred from desk to desk. There were absolutely no surprises and they kept their word with everything.
Result:
USMF made my veterinary practice dream come true! Because of the unique financing structure, the practice cash flow has grown much quicker than I ever expected. It has allowed me to generate a greater revenue stream than I planned for. In fact, in just 1 ½ years, I have been able to build enough profit to consider expanding and acquiring a second practice! If it wasn’t for USMF giving me the opportunity and believing in me, I would still only be dreaming about it.
-Fred Saad, DVM, El Toro Animal Hospital (Lake Forest, CA)