Commerical Loan Details


Date: September 09, 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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