Location: Salt Lake City, UT

Loan Amount: $1,336,000

Interest Rate: Prime + 2.75%

Term/Amortization: 25/25

Loan to Cost: 95%

Purpose:  The loan proceeds were used for the acquisition and expansion of an office/warehouse property located in Salt Lake City, UT. The existing 12,000 SF facility will be expanded by an additional 10,000 SF to accommodate the intended use as an indoor/outdoor paintball field. The client intends on moving his existing operation to this new facility. The new debt payment will improve cash flow by replacing the existing month-to-month lease payment with the new mortgage.