This project was successfully funded by a loan from Steward Regenerative Capital.
non-guaranteed portion of the B&I loan
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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