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| Friday, July 30, 2010 |
| Borrower | A real estate developer and speculator in Florida. | |
| Loan | A $13 million three-year loan at 15% for the first year and 18% thereafter. | |
| Collateral | A second lien on a 380-acre development in Orlando, Florida, together with a championship golf course. | |
| Guarantors | The developers who personally guaranteed the loan have a combined net worth of over $250 million. | |
| Purpose | The borrower needed the cash to close on the purchase of the project from the seller. | |
| Exit strategy | The borrower expected to repay the loan out of the proceeds of the sale of sections of the project. | |
| Outcome | The development was successful and the loan was paid off in full. |
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