Posted On: 10/10/2013 8:32:36 AM
Post# of 837
The terms of the transaction are very favorable for the Company and include a stepped up line of credit to $1.25 million with a variable rate of 3.75% initially, as well as a $1.2 million commercial mortgage with a rate of 4.5% termed out over five years. The financing closed on October 9.
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