Five Reasons to Invest in Your Practice Now Wendy Catone

Building From the Ground Up: Purchasing Real Estate Along With Your Practice

Now that you are nearing the end of your extensive dental school education, there is no doubt that you are thinking about starting a dental practice or eventually joining one with

dreams of expanding the current facility.

Have you considered building from the ground up? Today there’s a growing trend among dentists

to start from scratch in order to create an environment that reflects their personal vision and goals. Many have gone a step further, purchasing the commercial real estate underlying

Wendy Catone

the dental office for ultimate control of their practice space.

Start-up, Expansion, or Practice Update: Designed for Performance

Building a well-designed practice from the ground up can positively impact every facet of your business. An effective practice design improves productivity while decreasing stress for staff and patients. It allows you to create an identity consistent with the type of services you wish to provide and communicates the quality of those services.

Ultimately, a well-planned dental office environment inspires patient confidence, making that great first impression that drives practice success.

Commercial Property: An Investment in Your Future

WENDY CATONE WILLIAM FRAZIER

Advantages of Using a Specialized Lender

Purchasing the commercial real estate (CRE) that underlies your practice gives you greater control over your office environment while creating a sound footing for future success. Here are five reasons why purchasing now may be beneficial:

Using a specialized healthcare lender for your practice acquisition, start-up, expansion, or construction project can save you both time and money. Unlike most local banks, a specialized lender can combine your practice, equipment and property purchases into one loan package, providing a streamlined process with one credit application, one set of fees and one loan closing. A specialized lender can also provide a broader range of loan options, from short-term fixed rate loans to low, variable-rate mortgages. Some specialized lenders are we stablished in the dental industry and can also provide professional resources and expertise to help make the process easier.

1. Property values. CRE values remain below their peak in 2008, which means you can purchase more practice for your investment than you could have just a few years ago. 2. Preferential tax treatment. With 100 percent commercial mortgage interest deductions, depreciation of building expenses and additional tax advantages for commercial property ownership, the actual cost of ownership may be more manageable than you realize. 3. Secure balance sheet. The commercial real estate market appears poised for a recovery. By purchasing now, you lock in monthly payments at below-market rates, allowing you to plan for future expenses and enjoy a more secure cash flow. If the space is larger than your practice currently needs, you can lease to tenants to generate cash flow and expand into the extra space as your practice grows. 4. Retirement options. When it’s time to retire, you can sell both the practice and real estate to help fund your retirement, or sell the practice while keeping the real estate, generating monthly rental income. 5. Favorable rates. Financing rates for commercial property remain at historic lows. It’s not uncommon today for a monthly payment on a 25-year commercial mortgage to be the same or lower than lease payments for a similar space.

So if it’s at all feasible as you look to head out on your own , purchase the commercial real estate simultaneously with your practice acquisition. Together they provide maximum leverage in achieving your long-term financial goals.

Wendy Catone –The Florida Business Development Manager for Wells Fargo Practice Finance, Wendy is an experienced consultant and finance expert who’s been servicing the financing needs of healthcare practitioners for over 25 years. Wendy speaks at seminars and professional schools throughout the year. She can be reached at 1-800708-0279 or wendy.catone@wellsfargo.com.

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