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Matthew Petchinsky

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31 views

Matthew Petchinsky

Uploaded by

thesobzicohen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Date: 09/26/2023

RE: 1693 Bowles Street Eagle Pass, TX 78852

Dear Matthew Petchinsky

Mioym Commercial Capital is proposing to provide a loan under the following terms, based on
the information provided. This Letter of Intent is not intended as an exhaustive, definitive, or
all-inclusive description of all terms that will govern the loan.

Lending Entity: MIOYM Commercial Capital and/or its affiliates.


Borrowing Entity: A single-purpose real estate entity is acceptable to the lender.
Use of Proceeds: For commercial purposes only, loan proceeds shall not be used for personal
or consumer purposes.

Term: 24 Month
Loan Amount: $176,250.00
Interest Rate: 12.74%
****Please note rates are not locked or guarantee until all documents are
submitted into underwriting. It can be locked 15 days prior to closing. Term
may be subject to change at the investor’s discretion.

Administration Fee: An Application, Administration Underwriting & Processing Fee of $ 1995


is due and payable to Mioym Commercial Capital by Borrower upon the
closing of the loan. This fee is not refundable, except as otherwise provided
herein.
Origination Fee: A loan fee 4 (points) of the loan amount will be due and payable to the
Lender by the Borrower upon the closing of the loan. This Loan Fee is not
refundable, except as otherwise provided herein.
Guarantors: All members of the Borrowing Entity who own 5% or more.

Collateral: The proposed loan shall be secured by a first mortgage/deed or trust lien on
the Property.
Target Closing Date: 10/20/2023
Letter of Intent Expiration: 10/06/2023

{Signature}

1|LOI
Acknowledge and agreed by:

Name: Matthew Petchinsky


Title: Borrower
Date:

Name: Yehuda Cohen


Title: Loan officer
Date:

Credit Authorization Form


By my signature above I authorized Mioym Commercial Capital or its affiliates to obtain a
Background Check and/or Consumer Credit Report on me.

The authorization is a valid for purposes of verifying information given pursuant to


employment Leasing, rental, business negotiations, or any other lawful purpose covered
under the Fair Credit Reporting Act (FCRA). The background check may contain information
available in the Public Domain. I hereby authorize all corporations, former employers credit
agencies, educational institutions, law enforcement agencies, city, state, county, and federal
courts and agencies, military services and persons to release all information they may have
about me including criminal and driving history.

Applicant’s Name:

Social Security:

Date of Birth:

Current Street Address:

City, State, Zip Code:

2|LOI

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