$1.342M DRY CLEANER PURCHASE

PROJECT INFO

$1,342,000
SBA 7A Acquisition Loan
Dry Clean Super Center
Dallas, TX

PROJECT DETAILS

V3 Lending successfully closed an SBA 7A loan to acquire Dry Cleaning plant in Dallas, TX. During the lender's due diligence, the Phase II environmental results showed underground contamination. V3 Lending was able to work with the borrower, Lender, Environmental Engineer, and TCEQ to re mediate the contamination. The loan was funded with a 10% buyer down payment at prime + 1.5% amortized for 25 years.

Closed Transaction

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2591 Dallas Parkway

Frisco, Texas 75034

TF: 877-331-9583

P: 214-295-8354

F: 214-540-5169