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 Term||14 yrs|
|Participation Availability Amount||$0|
|Minimum Participation Amount||$250,000|
|Original Loan Amount||$22,100,000|
|Full Loan Documentation||Link|