Fresno, CA - $2,000,000.jpg

Location: Fresno, CA

Loan Amount: $2,000,000

Interest Rate: 4.75%

Term/Amortization: 10/25

Loan to Value: 70%

Purpose: The new loan refinanced an existing quarterly-adjustable SBA 7a and provided a 10-year fixed rate loan product. The loan was secured through a local credit union. The 10-year loan, 25-year amortization, was sized to 70% LTV and priced at 4.75%.