HomeMy WebLinkAboutAD05-332 - Other - Springboard Holdings, LLC - Centurion Financial Group, LLC - Estimated Disbursement Summary & Authorization - 09/10/2006 To ben errez Page 1 of 1 2006-09-10 14 44 26(GMT) 14256428245 From ben errez
CENIURiON FINANCIAL GROUP, LLC$11,413,000 00 LOAN TO
SPRINGBOARD HOLDINGS, L L.C
September 14,2006
DISBURSEMENI SUMMARY& AUTHORIZATION
(Estimated)
[lie undersigned Borrower hereby agrees to pay the following amounts to close this transaction and
authorizes the disbursement thereofto the corresponding parties:
Debit Credit
Principal Loan Amount 11,413,000 00
Outside origination fees 1,141,300 00
Misr: Costs(recording, fax,copying,delivery fees) 400.00
payable to Lasher I-Iolzapfel et al
Attorneys' fees payable to Lasher Holzapfel et al 15,000 00
Loan repayments to Milton Lendets, LLC 350,000.00
Reconveyance fees 30000
Construction reserve 8,800,000 00
Advanced under the loan and held by Lender 1,10 AO 00
as an interest reserve*
TOTAI, $11,413,000.00 S11,413,000.00
BORROWER:
SPRINGBOARD HOLDINGS, L L C_
a Washington limited liability company
By: Ben Friec
Its. President
*will be disbursed by Lender periodically to timely make Borrower's payments under the Loan. ,
SPRINGOOARDHOLDINGS LLC C 0 P U
DrsLursancat summary(Cr43)
(R lChcn1s1163401.5403777 DOC)