Bill Hood and Jay Richert arranged the financing to purchase the multi tenant office building located in Colorado Springs. The loan amount was for $1,235,000 on a 10 year term, with a rate adjustment after the first 5 years. The lender was able to close in 60 days to purchase the property.
This loan was used to purchase the property, and the owner was going to move into a portion of the building. The lender was an out of state Bank.