Healthcare Lending Overview

We’re your Dental, Medical and Ophthalmic financing specialists. Lenders from your industry, serving your industry. We offer financing for expanding, remodeling or building a new practice. We are also experienced in helping professionals purchase commercial real estate. Our expertise in the Dental, Medical and Eye Care industries, coupled with our commitment to provide a superior customer experience, offers you confidence that your lending process with run smoothly and efficiently.

We provide practice financing but are not limited to the following specialties: pain management, dermatologists, OBGYN’s, facial plastic surgeons, orthopedic doctors, optometrists, ophthalmologists, internist and primary care physicians.

100% Financing Available for Real Estate Purchases and Construction

 

live oak bank dental and medical loan

 

<strong>ACQUISITION | REFINANCE</strong>
ACQUISITION | REFINANCE
Dentists and medical professionals are highly sought after by financial institutions. Live Oak Bank pinpointed an underserved need in the community and strives to fill that void. Our dedicated lenders guide clients through the acquisition and refinance process with knowledge and experience, aiding in the success of the healthcare loan. With competitive rates and outstanding service, Live Oak makes refinancing or acquiring a practice an attractive option. Our relationship with our clients extends beyond closing to ensure a lasting partnership focused on the success of the practice.
<strong>EXPANSION | CONSTRUCTION</strong>
EXPANSION | CONSTRUCTION
Live Oak offers financing to healthcare professionals seeking to expand a current practice or break ground on a new building. Our lending process is unique. We pair our healthcare industry knowledge with an internal construction team, who works with third party vendors to ensure the project can be completed on budget. Our ultimate goal is to provide fast and efficient financing. Our knowledge coupled with a dedicated team simplifies the loan process for your healthcare construction project.
<strong>START UP</strong>
START UP
Live Oak provides financing to Medical and Dental professionals seeking to start a new practice. Our lending process is fast and efficient. We offer real-time, automated checklists so customers never have to guess where they are in the lending process. You have access to industry experts to help along the way, and a dedicated relationship manager after the loan is financed.

 

Our Background In Lending

At Live Oak Bank, we have a dedicated, highly-specialized lending team processing your healthcare loan from application through closing. From Senior Loan Officer to loan closing specialist, each person who touches your loan is fully dedicated only to your industry.

 

JP Blevins
JP BlevinsSenior Loan Officer
910.796.1674
JP joined the Live Oak team in early 2011 and initially spent much of his time educating young professionals about financing and how to best maintain and grow their business. As a financial evangelist for the bank, JP had the wonderful opportunity to work closely with and advise hundreds of aspiring young dentists, pharmacists and veterinarians. Assisting healthcare professionals in achieving the “American Dream” of ownership is truly a passion of JP’s. He now gets that opportunity everyday as a Loan Officer and General Manager working exclusively with the Dental and Medical community nationwide.
Mike Stanton
Mike StantonSenior Loan Officer
404.995.2003
As a Loan Officer, Mike Stanton originates new loans, packages SBA loans, and evaluates new loan applications and lines of credit. Before joining Live Oak Bank, Stanton worked for Vine Street Financial, a division of BB&T, as an SBA Credit Analyst and Lender. His duties included the initial underwriting of new loan proposals, assisting lenders with different SBA programs, reviewing corporate tax returns, and other responsibilities.
Jon Voeller
Jon VoellerSenior Loan Officer
910.685.7745
Upon graduation from the University of Colorado Boulder in 1999, Jon Voeller was recruited by a small healthcare-specific finance company, HPSC.  From 1999 to 2009, he managed the southwest territory for HPSC/GE Capital and was responsible for growing medical/eye care along with the dental division.  While at HPSC/GE Capital, he received his MBA with an emphasis in Finance.  After the financial collapse in 2009, GE Capital shut down the HPSC division, and Jon was recruited by Bank of America Practice Solutions.  At Bank of America, Jon  launched their medical/eye care divisions and managed 13 states.  Through industry contacts, Jon landed at Live Oak Bank as a Loan Officer for the healthcare division.
Mike Montgomery
Mike MontgomeryLoan Officer
910.798.1215
Mike joined the Live Oak team in early 2013 after seven years as a retail and investment banker at SunTrust Bank.  A native of Raleigh, NC, Mike attended the University of North Carolina Wilmington where he graduated with a degree in Business Administration and Finance in 2007. As a Loan Officer, Mike’s favorite part of his job is meeting each and every doctor that he does business with and seeing their project become a reality.
Lindsay Harkey
Lindsay HarkeyLoan Officer
910.550.2277
In early 2013, Lindsay Harkey joined Live Oak Bank as a Relationship Manager. While in the Business Advisory Group, she serviced a portfolio of 90 borrowers. A graduate of the University of North Carolina Wilmington, Lindsay earned her Bachelors of Science in Business Administration with a concentration in Marketing and minor in Spanish. After graduation, Lindsay was an Account Executive for 4 years at Proficient Learning, LLC, a pharmaceutical sales training company located in Wilmington, NC. Lindsay now serves as a Loan Officer for the healthcare team, helping originate and package SBA loans for dentist and doctors across the country.

Why Partner with Live Oak Bank?

  • Up to 100% financing
  • Over $600 million in dental, veterinary & medical construction loans successfully funded since 2008
  • Flexible & efficient closings to meet borrowers’ needs
  • Streamlined process with minimal paperwork
  • Knowledgeable & experienced team
  • Cash-flow driven lending
In the application phase, a lending team member will work directly with you to gather all information needed to prequalify you for your loan request. We strive to simplify the loan process, make it easy for you to provide your information, and keep you informed along the way. Technology allows us to give you real-time updates on loan status and offer direct interaction with your loan team members.

Here you will submit financial documents necessary for your loan approval. You will work directly with the Underwriter assigned to your loan. The Underwriter will gather your financial documents and learn your story, advocate for you and assist you throughout the review process. Specific questions regarding paperwork can be addressed directly to your Underwriter. When your loan is approved, you will receive a commitment letter with the terms and conditions of the loan.

Closing is the final phase of your loan. A loan closing specialist, or closer, will contact you to schedule a kick-off call. Your closer will then review all documents needed to complete the loan. Documents can be submitted as completed. Your closing team will also assist in reviewing document drafts prior to signing, to ensure all necessary information is included. We’ve automated this process to ensure efficiency and clear communication throughout the funding of the loan. Real-time, automated checklists are provided to illustrate your loan progress.

Over $400 Million in Healthcare Loans Funded, Let’s See What Our Borrowers Have To Say

“I needed a large loan, and Live Oak Bank was able to give me favorable terms. The closing was completed in approximately 60 days, which was quite different than any experience I’ve had with other banks. While I received personal attention throughout the process, I was blown away when I received an email from Chip Mahan upon closing my loan; he congratulated me and welcomed me into the Live Oak Bank family.”
Dr. Anil, Illinois
“When I learned that Live Oak Bank specialized in construction loans, I contacted them regarding financing to build my dream practice. Mike was able to come up with a customized loan solution and offered flexibility that commercial lenders could not provide. Every employee at the bank treated me as an individual and business partner – not as just another loan.”
Dr. Steve, California
“After being denied financing from multiple commercial lenders, I was fortunate enough to find Live Oak Bank. They believed in my abilities and allowed me to continue to run the practice that has been passed down in my family for three generations. My family and I are truly grateful.”
Dr. Marc, Oregon

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