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CRA Refinancing

CRA Refinancing. Current CRA Loan Branch Banking and Trust Company (BB&T). Loan Balance $3,360,000 Interest Rate 4.34% Average Annual Payment $365,000 Maturity Date December 1, 2024. Refinancing Branch Banking and Trust Company (BB&T). Loan Balance $3,360,000

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CRA Refinancing

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  1. CRA Refinancing CRA Refinancing

  2. Current CRA LoanBranch Banking and Trust Company (BB&T) • Loan Balance $3,360,000 • Interest Rate 4.34% • Average Annual Payment $365,000 • Maturity Date December 1, 2024 CRA Refinancing

  3. RefinancingBranch Banking and Trust Company (BB&T) • Loan Balance $3,360,000 • Interest Rate 2.29% • Approximate Annual Savings $37,000 • Estimated Savings Over Life of Loan $442,975 • Estimated PV Savings Over Life of Loan $383,144 CRA Refinancing

  4. New LoanBranch Banking and Trust Company (BB&T) • Remaining Loan Balance $3,360,000 • New Monies $2,088,000 • Total Loan Amount $5,448,000 • Interest Rate 2.29% • Maximum Annual Payment $528,000 • Maturity Date October 1, 2024 • FY 2013 Budgeted Tax Revenues $1,335,700 CRA Refinancing

  5. Questions? CRA Refinancing

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