The first step MREC takes with any development is the creation of a comprehensive, line-item budget and timeline for the proposed project. This comes after discussion with the client about practice goals and their general preferences for financing, real estate, design and equipment. When a client intends to start a new practice, MREC helps put together the lender-required cash flow projections and business plan. When clients express an interest in owning real estate, then an analysis of cash flows and returns is generated. Armed with this information, our clients can make informed decisions as they move forward. As well, lenders are comforted by the level of detail they receive and by knowing that their borrowers have a sound plan for success.
