- Loan Amount * $182,500
- Rate * Prime +
- ReProp’s Value * $818,000
- Term * 120 Months, IO for 6.
- Lien Position * First
Our return borrower has extensive experience in the identifying, securing, renovating, and successfully operating restaurant locations. We worked out an initial interest only period during the construction phase and then, once complete and operating, amortizing the loan over the remaining term of the loan.