The owner already had one thriving agency, which she purchased 7 years ago. She had just paid off her loan and was now looking to expand by acquiring a second location. She was having difficulties finding a competitive loan and the one offer she did receive had a high interest rate.
1st Commercial lending was able to structure a 100% Financing loan with no pre-payment penalty at an attractive interest rate. In this case it was important to the borrower that she could pay-off additional principal with out being subject to any penalties.
Contact one of our experienced Commercial Loan Advisors at (800) 341-6199