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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
KeyBank Provides $4MM Revolving Line of Credit to KBS Builders
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Lenders/Participants
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KeyBank [Lender]
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Structure
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Revolving Line of Credit
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Amount
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$4.000
Million
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Borrower(s)
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KBS Builders
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Description
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The LOC has an April 30, 2025 maturity date, which can be extended based on fulfillment of certain terms and conditions. Borrowings under the LOC will bear an interest rate of SOFR plus an applicable margin of 3.00%.
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Industry
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Homebuilding
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| Related Tags |
KeyBank
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ABL Advisor
Deal Tables
2024
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