Replies to post #2723 on Green Brick Partners, Inc. (GRBK)

[Enterprising Investor]

Term loan had a 9 percent rate until 10/27/15.

The rate would have risen to 10 percent thereafter.

Prepayments made prior to 10/27/16 were subject to a 1 percent penalty.

On 6/16/15, JBGL Builder Finance LLC, a wholly-owned subsidiary, obtained a commitment letter from Inwood National Bank. The Commitment Letter increased the revolving line of credit from $25M to $30M and extending its maturity date from 10/13/15 to the date that is two years after the closing of the modified revolving line of credit. The Commitment Letter also stated that Inwood was in the process of obtaining approval to further increase the revolving line of credit to $50M.

The rate on the LOC at 3/31/15 at 4 percent.

http://www.sec.gov/Archives/edgar/data/1373670/000162612915000146/ex10-1.htm