This will be a refinancing of two existing loans to reduce annual interest expense and to reduce monthly principal payments as well as provide some working capital. The Borrower has been in continuous operation since 2004. Company was a trusted provider in the major shale reserves in their geographic areas.

Loan ID 0182
DSCR 1.29
LTV 36
Note Rate N/A
Property Location MI
NAICS 213111
Guaranty Type USDA
Loan Term 15 yrs
Rate type Var
Note date N/A
Maturity date N/A
Participation Availability Amount $937,500
Minimum Participation Amount $250,000
Original Loan Amount $7,500,000
Full Loan Documentation Link
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