Terms

Interest Rate:

Floating at US Bank Prime plus 6.50 and up with a floor of 10.50%.

Loan Fees:

2.5 to 3.0 points on the loan amount.

Term:

Six months to one year, plus the remaining days in the month of closing.

Payments:

Interest only, accrued monthly and due on the last day of each month.

Renewals:

Six month renewal for a one point fee provided the loan remains in good standing at all times.

Prepayment Penalty:

None.