$643K Funeral Home Construction

Date:
June 16, 2014
Practive Type:
Death Care Practice
Scenario:
An experienced Director was looking to purchase a building and renovate so he could relocate his practice. The new location was approximately 3,000 square feet.

100% SBA 7(a) Practice Financing structured to purchase land & building, renovate the building, purchase furniture, fixtures, working capital and loan related soft costs.

6-month interest only contingency built into loan during construction followed by P&I payments.

Loan Proposal Issued: 06/18/2014

Loan Terms:
$643K FUNERAL HOME ACQUISITION / CONSTRUCTION, 6.00%, (Prime + 2.75%), 25-YEAR TERM

Please contact one of our experienced pracitce loan advisors at 800-318-7125.