mount-horeb-village-revolving-loan-fund-committee-agenda-february-28-2025_436.pdf
Committee Approves Loan with Favorable Terms
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Description
Committee recommends approval of loan with a 5-year term at 4.5% interest. Loan is amortized over 9.5 years with a 6-month interest only payment period, and guaranteed by a UCC filing on the loan as well as blanket lien on the residences of both partners on the project.
Contract Details
Contract Amount
NA
Vendor
DRIFTLESS SOCIAL
Agency
Mount Horeb village, WI
Contract Type
Loan
Document Date
February 28, 2025
Contract Term
5-year term at 4.5% interest, amortized over 9.5 years
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