Business Owner Finds a Trove of Great Deals
Port Saint Lucie, FL A business owner was looking for a loan of $285,000 to purchase a property worth $400,000.
He was turned down by his bank and felt rejected.
His banker referred him to us at the BA Fund. We were able to give him a couple of loan options.
His favorite loan options were:
1. A traditional loan which was a 10-yr term consisting of an interest rate of 4.21% locked for 5 years. The monthly payments were estimated to be $1,538.
2. A 7-yr term loan. The interest rate was fixed at 5.69%. The payments were estimated to be $1,653 a month.
3. A non-traditional loan with the shortest term was a 1-yr term loan with an interest rate of 8.25% locked for 1 year. The estimated payments were estimated at $1,960 a month.
Please contact the BA Fund today.