Regenerative Capital

Cairnspring Non-Guaranteed B&I Loan

by Cairnspring Mills
Cairnspring Non-Guaranteed B&I Loan

non-guaranteed portion of the B&I loan

Project Summary
  • Location: Skagit Valley, WA
  • Loan Amount: $25,000
  • Loan Term: 324 months
  • Interest Only Period: 24 months
  • Net Interest Rate: 7.35% APR
  • Repayments Begin: 1 month after disbursement

Overview

Non-guaranteed portion of the USDA B&I Loan. Total non-guaranteed portion is $5M. Steward will be funding  $3,125,000 of this loan. Floating interest rates set quarterly. 

Steward’s Total: $3,125,000

TOTAL: 8.1% 

NET rate after servicing spread to NAB - 7.85%

Steward Servicing Spread -  .25%

Terms - 27 years, 24 month IO, amortization is 25 years (300 months)

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