Medical Benefit: Doctors Highly Sought After As Borrowers
Miami Today | By: Marilyn Bowden
Local lenders say medical professionals are high on the list of preferred customers. “The majority of the physicians we work with are having very little difficulty getting loans,” said Ken Weston, principal of the healthcare real estate firm Kenneth Weston & Associates, who recently held a financing seminar for medical clients.
“What the banks are looking for is the doctor’s capacity to repay the debt obligation through business or personal cash flow,” he said. “Once that’s taken care of, there is nothing to hold them back. I can count on one hand doctors that have been turned down in the past five years.”