Commerical Loan Details
| Date: |
April 04, 2012 |
| Title: |
$3.9MM ALF Bldg. Cash-Out/Refi |
| Practice Type: |
Special Purpose |
| Loan Terms: |
$3,900,000 ALF CASH-OUT REFINANCE, 5.50%, 10-YR FIXED TERM, 25-YR AMORTIZATION |
| Scenario: |
60,000 SF Assisted Living Facility looking to recapture some of the equity built-up in the real estate.
Conventional Loan Proposal Issued:
Financing structured to take out current debt and cash out $2 Million to principals. |
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