This breakdown would be for a project with total costs of $1 million:
Entity | Loan Amount | Percent of Project | Term | Interest | Collateral |
---|---|---|---|---|---|
Private Lender | $500000 | 50% | 10 years | Market | 1st Deed of Trust |
CDC/SBA | $400000 | 40% | 20 years | Below Market/Fixed | 2nd Deed of Trust |
Business/Borrower | $100000 | 10% | n/a | n/a | n/a |