TMC Financing Provides SBA 504 Loan To London Medical Management
Online, March 24, 2014 (Newswire.com) - TMC Financing, Clark County's largest provider of SBA 504 loans, worked with Bank of George to finance a $1.15 million project for London Medical Management in Las Vegas. Ann Santiago served as TMC's business development officer for the transaction and Jason Lesley of New Growth Commercial Real Estate was the buyer's broker.
The financing package was used to remodel and expand a building located at 11860 Southern Highlands Parkway in Las Vegas. The building comprises 7,375 square feet on .79 acres. The location created 24 jobs and now serves as London Medical Management's U.S. headquarters and a Patient Pal Family Care Practice. The project financing was provided by TMC Financing and Bank of George.
London Medical Management specializes in providing assistance with health claim cost containment strategies. It is one of the nation's leading advocacy service firms with the PatientPAL™ model. The model is a high level concierge service dealing with health care crisis management situations. Its physicians, nurses and health care specialists serve clients across the United States and its 24-hour, 7-day-a-week call center is located in Branson, Missouri.
The company's PatientPAL Urgent Care is the first urgent care facility in Southern Highlands. It is open seven days a week and includes a full lab and state-of-the-art X-ray machine. PatientPAL is staffed with two medical doctors, two family nurse practitioners and a physician's assistant. It is the first of five London Medical Management plans to open in Southern Nevada.
"TMC Financing was able to provide us with information that was available to us through the SBA (Small Business Administration) and walked with us every step of the way so we could have a successful outcome in the process," said London Medical Management president and CEO Jack London. "They have been extremely helpful in allowing us to accomplish the dream of owning our own building here in Las Vegas."
About SBA 504 Loans
The U. S. Small Business Administration (SBA) created the 504 loan program in 1980 to provide financing for successful, growing small and medium-sized businesses. Loan proceeds can be used to purchase, renovate or construct commercial real estate properties, or for the acquisition of equipment that has a life expectancy of 10 years or more.
About TMC Financing
TMC Financing provides Small Business Administration (SBA) 504 real estate financing and is the leading Certified Development Company (CDC) in Northern California and Southern Nevada. During the past 30 years, TMC has provided over $7.5 billion in SBA 504 financing for more than 4,500 businesses. This financing has resulted in the creation of over 33,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade. TMC's experienced team works directly with borrowers, lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower's credit capacity. For more information, visit tmcfinancing.com.