The borrower was formed on 01/27/2011 as a holding company for another offshore service vessel. The borrower is owned by a couple (4%) and a LLC (96%) The LLC is one of many affiliates under a larger family group of companies. The borrower is requesting $22,100,000.00 loan for the purpose of refinancing existing debt related to the original construction of an offshore service vessel and a repurpose job that is currently undergoing.
| Loan ID | 0116 |
| DSCR | 1.23 |
| LTV | 65 |
| Note Rate | 4.25 |
| Property Location | LA |
| NAICS | 483113 |
| Guaranty Type | USDA |
| Loan Term | 14 yrs |
| Rate type | Var |
| Note date | N/A |
| Maturity date | N/A |
| Participation Availability Amount | $0 |
| Minimum Participation Amount | $250,000 |
| Original Loan Amount | $22,100,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |