Funding for Ophthalmologists
Fast, flexible funding for new ophthalmology practices, expansions, specialist equipment and day hospitals. Structured by brokers who understand how ophthalmology practices actually make money, so your finance works at opening and as you grow.
Finance Structured Around What You Actually Need
Starting Your Own Private
Practice
Fit-out, specialist equipment, lease guarantees and working capital, funded together and structured around how your new practice will grow. We work alongside the contractor and your advisors from early planning to opening, solving problems like landlord contributions and billing ramp-up before they slow you down.
Fit-out and Equipment
Finance
We fund the equipment your practice runs on. We look past the asset to how your practice earns, structuring finance around your billings and growth plans, whether that’s asset finance or a term loan with a repayment-free start while patient numbers build.
Day Hospitals and Commercial Real Estate
Day hospitals sit where healthcare meets property development. We fund both sides, from site and construction through to fit-out, equipment and long-term debt, and can connect you with the development partners to deliver it.
Specialist Home and Investment Lending
Specialist medical professionals require specialist home and investment loans. Simplified assessment, flexible interest-only or principal-and-interest repayments, bullet loans for investors, LMI waivers, all based on your true earning capacity.
Case Study
The Problem
Three Ophthalmologists came to us after being let down part way through a finance process. The lease had been signed, the contractor had commenced on site, but the deal was at a stand-still, with millions of dollars on the line. An issue had arisen between the bank and the landlord over security requirements, forcing the doctors into costly non-bank funding to plug the gap.
The clients had 4 weeks to find a solution.
What We Identified
Drawing on our background in both property and healthcare, we were able to clearly identify the issue and navigate a work around through an alternative product selection and security structure.
Our structure had a few deliberate design choices that solved the issue at hand and provided additional benefits for our clients.
Using a variable term loan product meant the client was not locked into fixed rate and could benefit from future rate reductions. It also meant the availability of redraw, which was particularly useful as the client was entitled to $900k in cash payments from the landlord as part of their lease agreement that could be parked in the loan to reduce interest costs, but could be accessed at a later date.
To protect against timing slippages during the process, we secured commitment for a temporary overdraft to bridge the gap between approval and settlement, ensuring contractor payments could keep flowing without disruption.
The Outcome
We facilitated indicative terms from four major banks within a week. Formal approval and settlement occurred within the following two weeks, which included:
$2.09m term loan for fit-out, re-drawable
$1.81m term loan for equipment, re-drawable
$230k bank guarantee facility, no cash security
$250k overdraft for working capital
Limited personal guarantees, relative to shareholding
A GSI (general security interest) over the new practice
No real estate security
We delivered on our promise in a very short timeframe, getting the project back on track. For three doctors who'd already been through a stressful process, having a clean, workable structure land quickly made an immediate and meaningful difference.
“My partners and I were starting a new business and experiencing significant difficulties with respect to acquiring the finance we needed on the terms required.
Fortunately for us, Brendan and his team at Precision Capital delivered a superior result in an accelerated timeframe which not only manifested as significant reduction in the cost of borrowing but also a rock solid and simplified finance package. I was extremely impressed with Brendan's dedication and professionalism, and I think it would have been very difficult if not impossible to have found another team to deliver on what was, in the end, quite a difficult assignment requiring an expedited response.
Fantastic result and most importantly peace of mind restored.”
Dr Lee Holland
How We Work
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Tell us what you need funded and how we can help
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In our initial meeting we will cover all the in-depth information about your funding needs.
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We do the research and find the most suitable funding options for you.
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We manage the paperwork so you can get back to your patients.
Frequently Asked Questions
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We have more than 10 years of deep healthcare industry experience.
We recognise the distinctive financial requirements inherent in the healthcare sector, catering to the diverse needs of healthcare organisations, ranging from small medical practices to expansive medical facilities.
Our team of specialist commercial finance experts are dedicated to empowering healthcare providers to meet the evolving demands of their industry.
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How fast you can access funds depends on your circumstances, but after the initial meeting, we’ll have a clear picture of your timeline and can move quickly from there.
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The opportunity cost of not engaging a broker is too high. Talk to us so we can get a sense of where you’re at and what you are looking to do. With an expansive network and relationships with lenders, project development managers, sales agents, leasing agents, quantity surveyors, valuers, solicitors, accounting firms and more, we will ensure we find the right solutions for you.
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Absolutely. At Precision Capital we go where the deals take us. We have had clients in QLD, NSW, VIC, SA, WA and TAS. Like everyone, we have the tools available to meet virtually and where necessary we are happy to travel.