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Commercial banks approached by the developer are only willing to finance one phase at a time.
Continues to advise the company throughout the federal loan application process. Provided two letters of interest from lenders in our network, one with significantly better terms and pricing than two competing proposals the company president previously received from national lenders. Performed a quick turnaround, allowing the company to meet the bank s year-end deadline for repayment of the old line of credit and saving the company money. A fourth-quarter close is expected. Structured the deal to allow the borrower to make the lowest possible monthly payment, giving her the flexibility to reinvest in the business.