As time went on, they both realized there could be great synergy between their two practices, i.e. combine orthopedics and physical therapy. This seemed like a ‘natural’ to them. Combining the two entities in one space, however, without formally intertwining their businesses, proved more challenging. Finally, Steve Goad of the Greater New York Development Co./Long Island Development Corporation, showed them a way to share office space and building ownership that could make their concept a reality. They would operate wholistically, but still be able to keep their operations/financials etc. independent.

Steve structured a financing package with a first mortgage loan from Commerce Bank and a second mortgage SBA 504 loan from Greater New York Development Co./Long Island Development Corp. Commerce financed 50% of the total of acquisition, renovations and soft costs and GNYDC financed 40%. The two principals injected just 10% into the total project cost. Not only did this enable them to buy the building together, but they both got to preserve their own cash for working capital. This was used in the move and expansion.

In addition, the GNYDC 504 loan term was for 20 years, fixed well below prime which made the entire financing more affordable. Thanks to the favorable financing package, Cecora and Ruotolo can now offer complete services ranging from diagnosis through long term treatment for all orthopedic related health issues including sports related and preventive care. The project enabled them to double their respective spaces with room for future growth.