Location: Wauwatosa, WI

Loan Amount: $4,850,000

Interest Rate: 4.25%

Term/Amortization: 3/15

Loan to Value: 80%

Purpose:   The new debt facility retired the previous, quarterly adjustable SBA loan, while providing the sponsorship necessary proceeds to acquire the land under an option agreement. This strategic acquisition reduced the overall operating expenses by replacing the cost of the existing land-lease with a lower monthly mortgage payment. Mo’s Irish Pub, a locally owned and operated restaurant concept, occupies this single tenant property.