Location: Tucson, AZ

Loan Amount: $1,250,000

Interest Rate: Prime + 1.50%

Term/Amortization: 25/25

Loan to Value: 90%

Purpose:   The new loan consolidated the existing business & real estate debt under one credit facility, while significantly reducing the overall interest cost & extending the amortization period. By restructuring the debt, Arriba was able to reduce our client's monthly debt payment obligation by 35%.