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.


Our pharmacy lending experts will talk with you in detail about your real estate plans, then send you an email containing loan application forms. Once your completed application is received, you can expect it to take 24-48 business hours to determine if you are for pre-approved on your loan request. During that time, we will be conducting due diligence on our end, including running a preliminary cash flow and credit analysis. If pre-approved, the loan officer will then issue a proposal letter to you with information on rates, terms and all collateral requirements.


Once the proposal is signed and returned, your underwriter will work alongside a credit officer to obtain final approval for your loan. We know that all real estate loans are unique, so although technology streamlines our process, all credit decisions are made by our team of financing experts. On average, underwriting takes one to two weeks, and if approved, you will receive a commitment letter outlining the details of your approval.


Once you have returned the signed commitment letter, your loan will be assigned to a pharmacy loan closing specialist. Closing takes approximately 45-90 days for real estate loans. Your dedicated lending team works on pharmacy loans every day, so they truly understand the intricacies of your business and will work closely with you to accommodate your project’s timelines.

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