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Case Study Wee Little Daycare

Satisfactory Essays

The second request is for a change in the loan parameters for Wee Little Daycare. As a result of the delay between the original approval and the actual closing date, the aggregate loan amount decreased from $874,000 to $726.200. The decision was made to decrease the loan amortization from 4 years to 3 years resulting in a slight improvement of the DSC and a reduction in the LTV to 74.4%. This resulted in more favorable terms and eliminated the original LTV policy

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