Borrower is an experienced day care operator who is in the process of refinancing our loan through the 504 SBA program. They are acquiring the property to open a pre-school/daycare center.
loan overview
$204,000
loan priority
1st Mortgage
loan type
Purchase
loan to value (LTV)
60%
appraisal value
$340,000
interest rate %
10%
term length (months)
9 months
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