Access In Action - Orthodontics Practice
Overview of Transaction:
- A growing orthodontics practice sought refinancing of a commercial mortgage and practice loan on its existing Springfield location as well as expansion financing for two additional locations in Fairfax and Centreville.
Significance of Transaction:
- Access National Bank provided $1.5 million to refinance the established practice and fund the two other locations.
- The Access National Dental Practice Lending Team worked proactively in winning the orthodontist’s business from competing banks. In serving as a trusted advisor, the Bank provided creative financing to reduce the cost of capital on the existing location and fund the orthodontist’s growth strategy.