Project 27

Closed $110,000 line of credit as an accommodation for an existing client. This is part of a large ongoing financial advisory job where Kreshmore is involved in monthly monitoring of financial statements, loan covenant compliance, strategic growth planning and associated debt or capital needs planning, other advisory and consulting services.

Project 23

Closed $981,000 financing of building. A cash out component was used to clean up redeemed and past due real estate taxes. This transaction was the final leg of a multi-year loan workout plan. That included a private hard-money transaction, consent foreclosure, and contract for deed.