March 2026  ·  Strictly Confidential  ·  Accredited Investors

FinMD Income Credit Fund I

Institutional private credit dedicated to business-purpose loans for U.S. physicians — a high-income, underserved borrower segment where specialized underwriting creates durable yield and disciplined capital deployment.

A structural gap in physician credit. Traditional lenders consistently fail to serve physicians — not because of credit quality, but because of underwriting complexity.
Proprietary data infrastructure at scale. Our platform analyzes over one million physicians across hundreds of specialty, clinical, and economic variables — enabling precision origination unavailable to generalist lenders.
A team that has done this before. Co-founders of BankMD — the first digital bank for physicians — deploying institutional capital through a dedicated private credit structure with quarterly distributions.
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The Opportunity

A $400B Market Left Behind
by Traditional Lenders

Healthcare is one of the largest and most resilient sectors of the U.S. economy — yet physician credit remains chronically underserved, creating an asymmetric opportunity for specialized private credit platforms with the right data and domain expertise.

$400BEstimated Annual Physician
Lending Market (TAM)
$80BTotal Annual Lending at
20% Market Penetration
$47BCurrent Annual Private
Credit Origination
The Market

The U.S. physician workforce comprises approximately 1.1 million physicians, with more than 35,000 new entrants annually — creating a large and continuously renewing base of high-income professionals with recurring lifetime borrowing needs spanning practice launch, expansion, acquisition, and consolidation.

Despite this demand, physician lending remains dramatically underpenetrated. Current private credit origination of $47B represents barely 12% of the estimated $400B market — a structural gap FinMD is uniquely positioned to address.

Why Banks Cannot Serve This Market
Practice Economics ComplexityTraditional credit models fail to capture specialty-specific income dynamics, payer mix variability, and practice-level cash flows — the core drivers of physician creditworthiness.
Fragmented Industry BenchmarksLimited access to specialty-level data prevents standardized underwriting across the 50+ physician specialties, leaving generalist lenders unable to price risk accurately.
Regulatory and Compliance FrictionHealthcare-specific regulations and Stark Law considerations add operational complexity that discourages conventional lending institutions from serving this market.
Reimbursement Cycle ComplexityVariable payer mixes and 30–120 day reimbursement cycles require specialized cash flow modeling unavailable in standard credit frameworks.
The Platform

Proprietary Credit Infrastructure
Built for Healthcare

Loan origination, underwriting, and servicing are conducted through 4FiMD — FinMD’s direct lending subsidiary and the Fund’s Manager — powered by three integrated platform modules covering the full credit lifecycle.

Sourcing

SCOPE™

Targeted Origination
  • Specialty-level targeting and borrower prioritization
  • Provider segmentation across 50+ specialties
  • Market opportunity mapping by geography
  • Scalable nationwide origination infrastructure
Underwriting

PRISM™

Structured Underwriting
  • Proprietary healthcare risk scoring and modeling
  • Peer benchmarking by specialty and practice size
  • Specialty-adjusted credit normalization
  • Payer mix and reimbursement cycle analysis
Surveillance

RADAR™

Portfolio Management
  • Divergence and portfolio drift detection
  • Regulatory and reimbursement impact monitoring
  • Portfolio concentration analysis
  • Risk-adjusted return evaluation
1M+Physicians
Analyzed & Mapped
140+Integrated
Data Sources
100sVariables
Per Borrower
$3.5B+Team Healthcare
Lending Experience
$1.5B+Specialty Credit
Oversight
Investment Profile

Fund Terms & Structure

Structured to deliver a fixed-income return profile with institutional credit discipline — Class A investors receive priority distributions before any residual economics flow to the Manager.

IssuerFinMD Income Credit Fund I LLC (Delaware)
Manager / Originator4FiMD LLC (Wyoming)
Target Raise$50,000,000
Minimum Investment$250,000 per investor
Class A Preferred Return9.00% per annum
Return TypeCumulative, non-compounded
DistributionsQuarterly, subject to available cash
Management Fee1.00% p.a. on Class A contributions
Investor EligibilityAccredited Investors (Regulation D)
Transfer Restriction2-year lock-up period
Redemption (post lock-up)90-day notice · Quarterly installments
Fund TermPerpetual
Tax ReportingPartnership · Annual Schedule K-1s
Distribution Waterfall

How Cash Flows to Investors

First — Before Any Distribution
Company Operating Expenses
Management fee (1%), loan servicing, legal, accounting, and loan loss reserves
Second — Class A (Investors)
9.00% Preferred Return
Cumulative · Non-compounded · Pro rata to all Class A Members · Paid quarterly
Third — Class B (Manager)
Residual Cash Flows
All remaining economics distributed exclusively to 4FiMD LLC as Manager
⚠️ The 9% preferred return is not guaranteed. It is payable solely from cash actually collected by the Fund after payment of all operating expenses and reserves. Investors should carefully review the risk factors in the Offering Summary.
Leadership

Built by Healthcare Finance
Specialists

Our team combines decades of healthcare-specific lending, institutional capital markets, data science, and enterprise technology — including as co-founders of BankMD, the first digital bank dedicated to physicians in the United States.

ML
Moses Luevano
Co-Founder, Managing Director
25+ years healthcare banking. $3.5B+ in lending. Co-founder of BankMD. Former Compass Bank, BBVA Compass, Citi. BA Economics, UT Austin.
LinkedIn ↗
DEC
David E. Choukroun
Co-Founder, Managing Director
Corporate strategy, data analytics, risk frameworks. VP at SPHERE Investments across healthcare real estate and PE. BBA Finance cum laude, GWU.
LinkedIn ↗
DC
Didier Choukroun
Chairman
30+ years investment management. Founder & CEO, SPHERE Investments. Former PIX Investments, Colliers, Bouygues. MBA, Kellogg School of Management · MPH, Yale University · MsGHL, University of Oxford.
LinkedIn ↗
CMC
Chris McCorkle
Director of Credit Risk
20+ years healthcare lending. $1.5B+ oversight. Former Regions, BBVA Compass, Citibank, BB&T, BankMD. BS, Mississippi College.
LinkedIn ↗
LM
Lewis McClure
Director of Digital Infrastructure
Led BaaS programs generating $1B+ annual revenue. Enterprise fintech and bank core systems. MBA Digital Transformation, St. Mary’s University.
LinkedIn ↗
HH
Haoting Huang
Director of Data Analytics
Managing Director, SPHERE Analytics. Quantitative finance and advanced risk modeling. MIT Sloan Applied Business Analytics. MSc Finance, University of Miami.
LinkedIn ↗
MD
Maricris Daza
Director of Finance
CFO of SPHERE Investments. 20+ years at Ernst & Young. CPA (US & Philippines). Institutional accounting and regulatory reporting.
LinkedIn ↗
RH
Randy Humphreys
Director of Fund Management
30+ years commercial banking. Founder, Glynn Capital Advisors. Former EVP Woodforest, JPMorgan, Citi, BofA. US Air Force veteran. CTP, Series 79/63/24/65.
LinkedIn ↗
Fund Materials

Review the Fund

The investor presentation is available immediately. The legal offering documents are accessible after a brief NDA. Once signed, the FinMD team will be notified and will follow up to coordinate access and answer any questions.

NDA Executed The FinMD team has been notified and will be in touch shortly to confirm document access.
Investor Presentation
Open Access
Fund Presentation — 9 Slides
Market opportunity · Platform · Strategy · Team · Investment structure
Legal Documents
🔒 NDA Required
Confidential Offering Summary
Full OM · Terms, risk factors, management biographies
LLC Operating Agreement
Member rights, distributions, governance, redemption
Subscription Agreement
Subscribe for Class A Units + Investor questionnaire
🔒
Sign a brief NDA to request access to the Offering Summary, LLC Agreement, and Subscription Agreement.
The FinMD team will be notified and follow up to confirm.
Get in Touch

Speak with the Team

Our partners are available to walk you through the fund, answer questions, and assess fit for your portfolio. We welcome direct outreach from qualified investors and their advisors.

David Egozi Choukroun
Co-Founder · Managing Director
dec@finmd.com
C: (305) 746-9290
Moses Luevano
Co-Founder · Managing Director
ml@finmd.com
C: (512) 663-7743
Randy Humphreys
Director of Fund Management
randy.h@4fi.com
C: (972) 800-2682
Didier Choukroun
Chairman
dc@finmd.com
C: (305) 343-3532

Send a Message

✅ Message received — we will be in touch within 24 hours.
FinMD Income Credit Fund I — Investor Presentation
Slide 1 of 9
March 2026 · Strictly Confidential

FinMD
Income Credit Fund I

Institutional Healthcare Private Credit · Business-Purpose Loans to U.S. Physicians

$400BTAM
9%Preferred Return
$50MTarget Raise
1M+Physicians Analyzed
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FinMD Income Credit Fund I — Confidentiality Agreement

CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement (this “Agreement”) is entered into as of the date signed below (the “Effective Date”), by and between FinMD Income Credit Fund I LLC, a Delaware Limited Liability Company, together with its manager 4FiMD LLC, FinMD LLC, and their respective affiliates, subsidiaries, and assigns (collectively, the “FinMD Group” or “Disclosing Party”), and the undersigned individual or entity (“Recipient” or “Receiving Party”).

1. Purpose

The Recipient wishes to receive and evaluate certain non-public, proprietary, and confidential information relating to FinMD Income Credit Fund I LLC (the “Fund”), including its offering documents, financial projections, investment strategy, platform methodology, and related materials, for the sole purpose of evaluating a potential investment in the Fund. This Agreement establishes the terms for the protection and limited use of such information and prevents unauthorized use, disclosure, or circumvention.

2. Definitions

2.1 Confidential Information. “Confidential Information” means any and all non-public, proprietary, or confidential information disclosed by the FinMD Group to the Recipient, whether oral, written, visual, electronic, or in any other form, including without limitation: (a) the Confidential Offering Summary, LLC Operating Agreement, and Subscription Agreement for the Fund; (b) business plans, financial data, forecasts, projections, and capitalization information; (c) investment strategy, underwriting methodology, credit models, risk scoring systems, and portfolio management processes; (d) technical data, software, algorithms, systems, or processes, including the SCOPE™, PRISM™, and RADAR™ platform modules; (e) information concerning investors, borrowers, employees, contractors, customers, suppliers, or partners; and (f) any analyses, compilations, summaries, notes, or materials prepared by the Recipient that contain, reflect, or are derived from any of the foregoing.

Confidential Information includes all information disclosed by or on behalf of the FinMD Group, whether or not specifically identified as confidential at the time of disclosure.

Confidential Information does not include information the Recipient can demonstrate by competent written evidence: (a) was publicly available without breach of this Agreement; (b) was lawfully known to the Recipient before disclosure; (c) was independently developed without use of or reference to the Disclosing Party’s Confidential Information; or (d) was rightfully obtained from a third party not under a confidentiality obligation.

2.2 Contact. “Contact” means any individual or entity whose identity, role, or relationship is disclosed by the FinMD Group in connection with Confidential Information, including without limitation investors, lenders, borrowers, advisors, and strategic partners.

2.3 Affiliates. “Affiliates” means any entity that directly or indirectly controls, is controlled by, or is under common control with FinMD LLC or the Fund, including its subsidiaries, divisions, joint ventures, and affiliates operating under or associated with the FinMD brand.

3. Obligations of the Receiving Party

(a) Use Limitation. The Recipient shall use Confidential Information solely to evaluate a potential investment in the Fund and for no other purpose.
(b) Standard of Care. The Recipient shall protect all Confidential Information with at least the same degree of care it uses for its own confidential information of a similar nature, but in no event less than reasonable care.
(c) Limited Disclosure. The Recipient shall disclose Confidential Information only to those of its employees, officers, directors, contractors, agents, or professional advisors who have a legitimate need to know for the permitted purpose and who are bound by confidentiality obligations no less restrictive than those herein.
(d) Responsibility. The Recipient shall be fully responsible for any breach of this Agreement by its representatives, affiliates, or agents.
(e) Trade Secret Duration. Obligations relating to trade secrets (as defined under applicable law, including the U.S. Defend Trade Secrets Act) shall remain in effect for so long as such information retains its status as a trade secret, notwithstanding any other time limitation in this Agreement.

4. No Reverse Engineering or Derivative Works

The Recipient shall not, directly or indirectly, analyze, decompile, disassemble, copy, modify, translate, create derivative works from, or otherwise attempt to reverse engineer or recreate any part of the FinMD Group’s technology, systems, models, or processes, in whole or in part. All right, title, and interest in and to the Confidential Information shall remain the exclusive property of the FinMD Group. Any unauthorized derivative work or adaptation shall automatically vest in the FinMD Group, and the Recipient agrees to execute all documents necessary to confirm such ownership.

5. Required Disclosures and Publicity

If the Recipient is required by law, regulation, subpoena, or court order to disclose any Confidential Information, it shall provide prompt written notice to the FinMD Group (unless legally prohibited) and cooperate in seeking a protective order or similar remedy. Disclosure shall be limited to the minimum information legally required. The Recipient shall not, without the FinMD Group’s prior written consent, disclose the existence or terms of this Agreement or any related discussions, use the FinMD Group’s or its Affiliates’ name, logo, or trademarks, or make any public statements regarding the Parties’ relationship, except as required by law.

6. Return or Destruction of Materials

Upon written request by the FinMD Group, or upon termination of discussions, the Recipient shall promptly return or destroy (at the FinMD Group’s election) all Confidential Information, including copies and extracts, and certify such return or destruction in writing. Archival backups maintained under routine retention policies may be retained but shall remain subject to this Agreement.

7. Term and Survival

This Agreement shall remain in effect for three (3) years from the Effective Date. Notwithstanding the foregoing, confidentiality obligations relating to trade secrets shall survive perpetually, and Sections 4, 5, 6, 7, 8, and 9 shall survive according to their terms.

8. Remedies and Governing Law

The Recipient acknowledges that any breach of this Agreement may cause immediate and irreparable harm for which monetary damages would be an inadequate remedy. Accordingly, the FinMD Group shall be entitled to seek injunctive or other equitable relief, without the necessity of posting bond, in addition to any other remedies available at law or in equity. The prevailing Party in any action or proceeding arising from or relating to this Agreement shall be entitled to recover its reasonable attorneys’ fees and costs. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict-of-law principles. The Parties consent to the exclusive jurisdiction and venue of the state and federal courts located in the State of Delaware. Nothing in this Agreement limits disclosures protected by the Defend Trade Secrets Act, 18 U.S.C. § 1833(b).

9. Miscellaneous

All notices must be in writing and are deemed delivered upon personal delivery, confirmed email, or overnight courier to the Party’s last known business address. This Agreement constitutes the entire agreement between the Parties regarding its subject matter and supersedes all prior communications. Any amendment or waiver must be in writing. If any provision is held invalid or unenforceable, the remaining provisions shall remain in effect. No waiver shall be deemed continuing or a waiver of any other provision. Electronic signatures (including digital or typed signatures submitted via this form) shall be binding. Each Party has had the opportunity to consult counsel, and this Agreement shall not be construed against either Party as drafter. This Agreement is not an offer to sell or a solicitation to buy any security. Any securities offering is made solely pursuant to the Fund’s definitive offering documents.

By signing below, the Recipient agrees to be bound by all terms of this Agreement and confirms that all information provided is accurate.