Commercial Real Estate Loan Letter
Commercial Real Estate Loan Letter
Date: September 3, 2050
Maxwell Mante
Newark, NJ 07101
Dear Maxwell Mante,
We are pleased to inform you that your application for a commercial real estate loan has been approved. This letter serves as formal confirmation of the loan details and outlines the terms of our agreement.
The loan amount of $500,000 has been approved to finance the purchase of the property located at 1010 Market Street, Suite 500, San Francisco, CA 94103. The key terms of the loan are as follows:
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Loan Amount: $500,000
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Interest Rate: 4.2% per annum
The repayment period is set for 10 years, with monthly installments of $5,098.93. The loan will be disbursed on September 15, 2050, and funds will be transferred directly to the escrow account designated for the property purchase.
The commercial property at 1010 Market Street, Suite 500, San Francisco, CA 94103 will serve as the collateral for this loan.
Enclosed with this letter, you will find the loan agreement, which includes a detailed repayment schedule and collateral requirements. Please review the enclosed documents carefully.
If you have any questions or need further clarification regarding the terms or the disbursement process, please contact our commercial loan officer at [Your Email].
Thank you for choosing [Your Company Name]. We look forward to supporting your commercial real estate investment.
Sincerely,
[Your Name]
Loan Officer
[Your Company Name]
[Your Email]
