ICA CLOSES a commitment to lend at 100% financing for the purchase of a parcel of land in Seymour, TN, equipment, horizontal and vertical construction, working capital and an end loan.
ICA and the financing desk, leading resources in today’s mortgage industry CLOSE a loan commitment for $735,200 (100% LTC) on several thousand square feet of owner occupied Real Estate in Seymour, Tennessee for a decade old Veterinarian Practice. ICA and its Midwest investor were able to deliver this no-call / no-balloon loan in times when not many investors would consider putting their money out there for construction type projects. The customer was delivered an interest only loan for 6 months during construction which will convert AUTOMATICALLY with no other costs involved at a 6% interest rate and 25 year term and amortization. All closing costs associated with the loan were rolled into the uses of the loan.
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