Luxury Resort
Closed $16,800,000 Loan with Newtek
Used for: Debt Refinance & Working Capital for Expansion
Family owned luxury resort was seeking capital in order to refinance high interest rate debt and gain working capital for expansion.
Newtek delivered $16,800,000 conventional term loans, providing client with:
- 25 year amortization (low monthly payments)
- No post-closing financial covenants
- Elimination of traditional construction loan requirements
Financial Advisor Payment to "Grid*" - $126,000.00
*Financial advisor payment may vary based on transaction terms and lending solution provided
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