Commerical Loan Details
| Date: |
February 38, 2018 |
| Title: |
$2.5MM Real Estate Construction Loan |
| Practice Type: |
Daycare |
| Loan Terms: |
$2,210,400, 90% Land & Construction Loan, Prime + 2.25, 25-Year Term |
| Scenario: |
Land Purchase & Ground-up Real Estate Construction plus FF&E. The bank financed 90% of the "complete value" of the real estate and financed one year of loan payments into the loan, so no payment were required during the construction phrase. |
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