Location: Winter Garden, FL
Loan Amount: $2,835,000
Interest Rate: 5-Year LIBOR + 5.5%
Term/Amortization: 18-Month / 25-Year
Loan to Value: 65%
Purpose: Due to the strict loan covenants, the nursery would not have been able to expand the facility without first refinancing their existing bank debt. Arriba capital was able to secure a private lender that understood business strategy and was able to provide a competitive financing solution.