Borrower:Guarantors:
Industry:
Management
Experience:
26
&
29
yrs
NAICS
Code:
FICO:
756
&
789
Purpose:
Principal
Net
Worth:
$2,617,100
Location:
Principal
Liquid
Net
Worth:
$65,600
Total
Premium:
5.00%
Excess Servicing:
Pooler
Name:CDC
Lender
:Underwriting
Methodology:
Injection Amt (Percentage of Project):386,029$1st TD Conventional Loan Amount: 1,561,015$
Interest Rate: 6.490% Interim Loan Fee (1st TD):2.000% Prepayment Penalty:TBD Term:25 Collateral:Subject Real Estate LTV:50.00% Subect Real Estate 37.64%
1.50
DTI,
Global
cash
flow
with
management
fee
as
expense
SBA
504
FMLP
Pool
Bid
‐
Pre
‐
flight
A
&
R
Properties,
LPSteven
Goldstone
and
Arthur
&
Roberta
Goldstone
Fam.
Trust,
M.N
Goldstein
COMerrill
LynchTBDFurniture
Stores442110Refinance300
Boardman
Poland
Rd.Boardman,
OH
445121.00%
Principal
Information
Bridge Loan Fee (2nd TD): Prepayment Penalty: Term: Collateral:
LTV:
1.500% 7,6,5,4,3,2,120 3.850%
Executive
Summary
:
1,174,985$2nd TD Interim Loan Amount:
Interest Rate:
Products
&
Services:
The
two
operating
companies,
M.N.
Goldstein
Co,
Inc
and
Goldash
Furniture
Corp
sell
residential
furniture,
bedding
and
home
accessories
in
Ohio
and
Pensylvania.
Market:
Goldsteins
has
five
retail
stores
and
serves
primarily
a
five
county
region,
which
includes
Mercer
and
Lawrence
counties
in
Pensylvania
and
Turmbull,
Mahoning
and
Columbiana
counties
in
Ohio.
History:
Goldsteins
began
business
in
Sharon,
PA
in
1901.
Over
the
past
100
years
the
company
has
been
passed
down
from
generation
to
generation
and
is
now
owned
by
Steven
Goldstone.
The
five
retail
locations
and
warehouse
are
owned
by
an
affiliate
company,
A
&
R
Properties.,
LP.
Management:
Steven
Goldstone
is
the
President
and
CEO
and
has
worked
in
the
business
for
approximately
26
years.
Mr.
Goldstone
is
assisted
by
the
Merchandising
Manager
that
has
been
with
the
company
11
years,
a
CFO
who
has
been
with
the
company
since
2003
and
a
warehouse
manager
that
has
been
with
Goldsteins
for
29
years.
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CH FMLP BID Sheet-A and R Properties-Goldstein-300 Boardman
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