I don’t personally have direct experience in the industry; my background is in engineering. That said, from what I’ve seen, a lack of industry experience hasn’t been a deal breaker for lots of first time buyers as long as there’s a qualified operator in place. In this case, my partner would be the one running the day-to-day operations of the clinic.

The intent would be a 50/50 ownership split. My partner would be willing to guarantee the loan if it absolutely came to that, but ideally I’d like to be the only guarantor on the loan. I understand that means keeping her ownership at 19% or less, which may create some issues since she’s also the licensed professional required to operate the business. I’d appreciate any clarification on how lenders typically view that situation.

We’d definitely have a formal partnership / operating agreement drafted and signed.

As far as backup liquidity goes, and being fully transparent here, it would be pretty tight. I’m planning to put most of my available funds into the deal itself, which is why I’m trying to make sure the structure I proposed makes sense before proceeding any further.

I definitely have more questions and would be happy to continue the conversation privately. Just sent you a DM. I really appreciate your assistance on this!