Commerical Loan Details
| Date: |
September 252, 2013 |
| Title: |
$985K Industrial Warehouse Acquisition |
| Practice Type: |
Industrial / Warehouse |
| Loan Terms: |
$837,250 OWNWER-USER WAREHOUSE ACQUISITION, 4.05%, 5/5/5 15-YR TERM, 20-YR AMORTIZATION |
| Scenario: |
A successful Orlando-based distribution company owner needed to expand from a 5,000 sf facility to at a 15,000 sf facility. He approached 1st Commercial looking for conventional financing after being presented with only SBA Options from his local lending institutions.
85% LTV Conventional Loan Proposal Issued:
Financing structured to acquire the building and build-out a refrigeration cooler with 15% capital injection. |
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