– $1.8MM Bridge Loan and $500K Line of Credit
– Lehigh County, PA
For a Medical Clinic that had a maturity with their local bank in Lehigh County. The clinic had a letter of intent from a buyer and desired to be in a more solid position to obtain their asking price by retiring their debt. Therefore, the company had no desire for long term debt. Pennant then procured a Bridge Loan at Prime + 3%, Interest only on both loans with a 2 Year Maturity.