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| Use of funds |
Real estate loan (1st Mortgage) - purchase or refinance owner-occupied commercial/industrial property
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Purchase owner-occupied commercial property (no refinance)
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- Long-term working capital
- Make property improvement / expansions
- Introduce new product
- Refinance existing debt
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| Loan amount |
$250,000 - $15,000,000
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Up to $3,500,000
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$250,000 - $15,000,000
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| Term |
1, 5 or 10-year loans: amortized over 30 years
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- First Fed portion (50%): 1, 5 or
10-year loans amortized over 30 years
- SBA portion (40%): 20 years, fully amortized
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1, 5 or 10-year loans: amortized over 30 years
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