Results 1 to 7 of 7
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04-06-2016, 03:33 PM #1
- Join Date
- Mar 2016
- Posts
- 8
New Doctor Loans?
Good afternoon.
An ISO online is advertising the following on their website for doctors:
100% Financing
25 year loan terms
Ground Up Construction / Existing Property Purchasing / Remodeling
Just curious, who would be the funder for a deal like this (where an ISO would stand to gain from the transaction)?
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04-06-2016, 05:26 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Likely a Real Estate funder. You would gain by charging the doctor a direct fee for funding.
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04-06-2016, 05:31 PM #3Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-06-2016, 05:53 PM #4
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 119
New Doctor Loans?
Why just for doctors?
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04-06-2016, 06:05 PM #5
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Back in my mortgage days, I worked for a regional bank (Wachovia) in the mid-nineties and we offered a 100% LTV purchase product with no PMI specifically for doctors in residency. The product was a loss leader intended to secure the doctor's personal and future business accounts.
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04-07-2016, 12:44 PM #6
6,600 day terms...not bad.
Ben Faulding
ISO relations
Fox Business funding
1st, 2nd, 3rd, 4th and 5th position funders
O - 347-632-3329
C - 516-524-6781
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04-07-2016, 02:10 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
The commercial finance has had a long love affair with doctors. I know several firms that would offer that deal as well as a nothing down lease of FF&I and a working capital loan to be paid back as the practice grows.
Bob
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