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Microsoft Word- <strong>Term</strong> <strong>Sheet</strong> CJ Investment Corp.doc- <strong>Term</strong> <strong>Sheet</strong> C...<br />
http://web.mail.comcast.net/service/home/~/<strong>Term</strong> <strong>Sheet</strong> CJ Investmen.<br />
<strong>Term</strong> <strong>Sheet</strong>- <strong>Commercial</strong> <strong>Mortgage</strong><br />
Borrower.<br />
Facility:<br />
Guarantor:<br />
Collateral:<br />
<strong>Term</strong> and<br />
Repayment:<br />
Purpose:<br />
Interest<br />
Rate:<br />
CJ Investment Com.<br />
Loan inthe amount of $499,000<br />
Calvin Kim andCJInvestment Corp<br />
First Hen oncommercial property at: 3100Kitsap Way, Bremerton, WA 98312<br />
<strong>Mortgage</strong> Loan The term will be 5 (five) yearnote.<br />
There will be60monthly payments ofprincipal and interest basedona 240month<br />
amortization with thebalance, ifany, dueatmaturity<br />
Purchase ofland and/or improvements toexisting buildings, grading, street<br />
improvements, utilities, parking lots and/or landscaping<br />
Fixed Rate<br />
A fixed rate intheamount of4.25% will be assigned tothis loan byKeyBank<br />
Prepayment Penalty<br />
3% the 1*year, 2% the 2*year, 1%the3* year, CJ Investment Corp. will have<br />
the ability topay down 20% ofthe principal balance in any given year without<br />
penalty. It should also benoted that ifa significant pay down occurs -we can look<br />
to re-amortize the ban.<br />
Payment<br />
Fees:<br />
$3,089.98 permonth<br />
- Loan Origination Fee: $5,000.00<br />
- Documentation Fee: $86.00<br />
- Estimated 3*Party Costs: $5,000.00<br />
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