As the owner of an independent pharmacy, you might also consider becoming the owner of the building where your pharmacy is located. Real estate ownership is one opportunity for you to position your business optimally and increase your future wealth. In recent years, commercial real estate values have vastly improved, and many commercial properties have become available. This could be an excellent time for you to become your own landlord and position your pharmacy for future success.
Live Oak offers pharmacy financing to purchase an existing building, build a new facility or remodel an existing building. It can be beneficial for you as the business owner to include real estate in a business loan, whether the loan is for an acquisition, expansion, refinance or start-up. By incorporating real estate into your loan, it often lengthens the term. The pharmacy lending experts at Live Oak can advise you on the best option for your business, but real estate loans are generally up to 25 years—making your monthly payments much more affordable. Our customers enjoy minimal equity requirements and creative lending solutions, as well as superior service and advice.
There are no upfront costs or fees associated with our pre-approval and underwriting processes. These are the three main steps you can expect when you connect with a loan specialist to get your pharmacy real estate loan started.