ALL COMMERCIAL CAPITAL CLOSES $1.9MM+ DEBT REFINANCE IN PHILADELPHIA
Property Type: Owner Occupied two-story Restaurant totaling 6,555 SF Loan Type: CRE Term Loan Loan Purpose: Cash Out Refinance / Exit High Interest SBA Debt Loan Amount: $1,925,000 Term: 10 Year Fixed (5/5) Amortization: 25 Years Interest Rate: 6.25% for initial 5 Years. Reset at 5-yr Treasury plus 250 BPS LTV: 75% Lender Fees: 0.5%