Westcap
VanAm Industrial
Saint Joseph, MO
$1,900,000
Industrial/Warehouse
The Coste Team closed a $1,900,000 loan with a correspondent life company for a 20 year fully amortizing loan at 3.875% with four (4) five (5) year rate review periods which allows the loan to be paid down, paid off or sold without any penalty. This transaction was a part of an international partnership buyout, certainty of execution was a vital part of this transaction which this lender provided. This loan was under application during the Covid-19 virus, the lender met all of its obligations.