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Location: Meadville, PA

Loan Amount: $1,700,000

Interest Rate: 5.25%

Term/Amortization: 7/25

Loan to Value: 75%

Purpose:  The tenant roster included an Urgent Care, Armed Forces Recruiting Center, Chiropractor, Nail Salon, Sprint and Regional Council of Carpenters. The current debt was maturing and the existing lender (Credit Union) would not renew the loan due to a change in lending guidelines. The loan was fixed for 7 years at 5% with a 25yr Amortization. The new loan helped the borrower focus on business operations and not maturing debt.