Location: Fairborn, OH

Loan Amount: $1,732,000

Term/Amortization: 25/25

Pre-Payment Penalty: 5,3,1

Loan to Value: 90%

Loan Type: Refinance

Referred to us by a great previous client, this loan was used to pay off the seller-financed land contract and complete the PIP to finish the up-flag to a Quality Inn. Since converting to a Quality Inn, the revenues have increased significantly and they expect the trend to continue as they bring the updated rooms online.