$2.2M GODDARD SCHOOL REFINANCE

PROJECT DETAILS

V3 Lending successfully closed a $2,200,000 conventional loan to refinance floating rate SBA debt on a Goddard School in Houston, TX. The loan was structured with a 5.5% rate fixed for 5 years on a 20 year amortization. Client approached V3 Lending when his local lender declined the loan 2 months after they received it. V3 Lending was able to structure the loan at a competitive rate, negotiate with the appraiser to increase value to get to the desired loan amount, and close within 45 days.