LTV/LTC: 70% LTV 'Loan to Value'
Terms: 6.5% Interest, 5 Year Fixed Rate & 15 Year Amortization
Situation: Borrower had entered into a Lease with Purchase Option and been making timely payments for several years and wanted to finalize the purchase. Borrowers business operates from the facility with contracts for their product throughout Texas and Mexico. Challenges were limited personal credit and time in business.