We Closed A Small Business Loan For This Bakery, in Highland Park, Despite Their Issues
- Open Judgements
- Credit Scores below 600
- Multiple residential properties not making money that owner wanted to consolidate into the loan on Bakery
- Needed to re-cast tax returns in able to reflect positive cash-flow to satisfy debt-service
Aggressive Lending Company overcame all of these issues and closed this bakery loan with the following terms:
- 75% LTV
- 6.5% Rate
- 25 Year Amortization
- Able to consolidate four residential properties (not cash flowing) into this loan, saving owner thousands over the life of the loan!
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