John Richert and Jay Richert arranged the refinance of the office/warehouse/show room building in the Denver Metro area. The loan amount was $2,350,000, amortized over 25 years with a 10 year loan term. The rate adjusts at the end of year 5.
The loan was used to refinance the current debt and get the loan on a 25 year amortization. The loan was completed by a local bank.