7(a) loan Holiday, Florida | Commercial Property Loan Closing Announcement

This transaction was for the acquisition of the commercial real estate property located in Holiday Fl. This new building will replace and enlarge the borrowers capacity from their existing rented location in Tampa.

The7(a) loan facility of $1,861,493 with 10% down will include closing costs and the SBA fee along with a $100,000 Revolving LOC for a total exposure of $1,961,493. This building is a 20,000 sq foot facility and the building has partial tenant for 8,882 Sq ft for $14,000 per month.