Who would have the first lien on the purchased building

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Reference no: EM133653834

Problem

I. Read the case narrative. Identify the amount and type of uses outlined in the case narrative and identify the requested amounts and type of funding to supporting the uses (needs).

II. Identify the commitments that the insurance company is requiring as a condition for extending the credit.

III. Who would have the first lien on the purchased building? Given your response, would you be comfortable as the account officer in meeting the new request? Explain.

Reference no: EM133653834

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