Jason Law D.D.S. Secures $748000 SBA 504 Real Estate Loan from TMC Financing Family Dental Practice Purchases Medical Condo with SBA Financing
As Published in: Market Watch
March 13 2012 12:00 p.m. EDT Jason Law D.D.S. Secures $748000 SBA 504 Real Estate Loan from TMC Financing Family Dental Practice Purchases Medical Condo with SBA Financing
SAN FRANCISCO Mar 13 2012 (BUSINESS WIRE) — TMC Financing ( www.tmcfinancing.com ) a leading Certified Development Company (CDC) providing Small Business Administration (SBA) 504 real estate financing in California and Nevada today announced that Jason Law D.D.S. a Fremont pediatric dentist has purchased a $748000 condo with an SBA 504 loan from TMC. The loan financed a 2019 square foot condo located at 2111 Parkside Drive Unit C Fremont CA.
“Providing access to capital for medical professionals to purchase real estate for their practices makes up one of our largest industry sectors” said Barbara Morrison President and CEO of TMC. “The SBA 504 loan program offers small business owners like Jason Law an opportunity for investment they can actually take advantage of with today’s low rates and as little as 10% down required.”
TMC worked with Jason Law D.D.S. to provide 90% financing via the SBA 504 commercial real estate loan program. SBA 504 financing offers businesses below-market fixed rate financing for the acquisition renovation or construction of commercial real estate.
Jason Law D.D.S. has been practicing dentistry for 15 years. He started his own pediatric dental practice in 1998 after taking over his uncle’s practice which had been in operation since 1971.
During the past 30 years TMC has provided approximately $6.4 billion in financing for more than 3900 businesses throughout California and Nevada. This financing has resulted in the creation of 27000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade and is the number one SBA 504 Lender in Northern California and Las Vegas. TMC’s experienced staff works directly with borrowers first mortgage lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower’s credit capacity. For more information visit http://www.tmcfinancing.com or http://www.sba.gov .