I have an opportunity to invest in a center and I have to put $10,000 down and rest in escrow waiting for state approval. Should I do it?
Okay, just a minute... I need to see the contract. If you do not have a contract, none presented, answer is easy. NO. Hard pass.
If you have a contract to show me, how much are you being offered? Have you confirmed the value of the center? Is there debt on the center? Is the down payment recoup-able if for some reason the state does not approve you?
A lot of questions... and all are fact/contract specific. This is a great list serve question because it shows a situation we need to flag. But, this is as far as I can take the answer with the facts provided. I need to see the contract and hear more specifics to get to yes or no. Right now I’m at maybe...
Surgery Center Investment Offer; cash down, balance in escrow
Contact Jennifer at Jennifer@Kirschenbaumesq.com or at (516) 747-6700 x. 302.
at a residency/fellowship program?
Contact Jennifer directly at (516) 747-6700 x. 302 or at Jennifer@Kirschenbaumesq.com