$4.95MM USDA Food Supply Chain (FSC) guaranteed loan to refinance interim loan, provide working capital and finance loan costs.
The interim bridge loan has a 60 day term, interest only, fixed at a 5% interest rate, the refinance undertaken by the Lender at its own
risk. The Borrower originally made an FSC guaranteed loan request to acquire a Custom Meats company, but this request could not be closed
and boarded by the 8/31/22 Purchase Sale Agreement (PSA), and the seller was unable or unwilling to change this date.
| Loan ID | 0176 |
| DSCR | 2.90 |
| LTV | 100.0 |
| Note Rate | 8.25 |
| Property Location | TX |
| NAICS | 311612 |
| Guaranty Type | USDA 90% |
| Loan Term | 30 yrs |
| Rate type | Var |
| Note date | 1/6/2023 |
| Maturity date | 06/12/2052 |
| Participation Availability Amount | $0 |
| Minimum Participation Amount | $0 |
| Original Loan Amount | $4,950,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |