Note #: 5678 Purpose: Originated to refinance...
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Accounting
| Note #: | 5678 |
| Purpose: | Originated to refinance office warehouse with prior note 9770. |
| Collateral Analysis: | We are secured by a 1st DOT on 4321 E Small Town in Springfield. Our first lien position is supported by the final title policy in file. Both the Title work and DOT are limited to $765M. The property was recently appraised by John Smith on 7/5/11 for $1.6MM. The appraiser only used the sales comparison approach. Three comparables were used and determined an average value of $30/sf and the subject property is 53,099 sf. |
What is the interest rate for CLSN #5678?
Does CLSN #5678 have an interest rate floor? If so, what is the floor?
Real Estate 4321 E Small Town Sp Total Valuation Less: Current Loans Empire 5678 1stDOT SBA 2nd DOT Empire 6789 3rd DOT Total Loans Surplus (Shortage) Loan to Value Value 1,600 $1,600 Policy Value S5% Loan Value 1,360 $1,360 582 455 37 $1,074 S286 67%
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