[JonathanHendrix]

What was his daily or weekly payment?

From what I'm reading

It should be $100k multiplied by 1.12 divided by 12 weeks (3 months)

Totaling $9,333 in weekly payment

Plus an additional 3% balloon payment at the end.

[Regium]

From what I'm reading

It should be $100k multiplied by 1.12 divided by 12 weeks (3 months)

Totaling $9,333 in weekly payment

Plus an additional 3% balloon payment at the end.

The deal was structured as 1.32, 32 weeks, 1% per week - payoff any week.

Weekly payment was 4125 on the 100K.

[JonathanHendrix]

The deal was structured as 1.32, 32 weeks, 1% per week - payoff any week.

Weekly payment was 4125 on the 100K.

I don't fully understand then,

What is the closing fee? Was I correct about it being a balloon payment to the merchant at the end? or is it pretty much a psf you stack on with the origination fees?

What was the total origination fee?