Logan thought of the old beneficiary form.
The word *revoked* had seemed like a door slamming shut.
Now it sounded more like a lock being placed on a door that should never have been left open.
“What about the loan?” he asked.
“The $186,400 remains due.”
Chelsea’s fingers tightened in her lap.
“Even after the donation?” she asked.
“Those are separate matters.”
“We can’t repay it all at once.”
“I know.
Albert knows.”
“Then what happens?”
“He is willing to restructure the note over five years at a reduced interest rate.
The payments will be made directly to his reserve account.
They are not optional, but they are manageable.”
Logan stared at the folder.
“And the business line?”
“The bank has agreed to give you sixty days instead of thirty.
You will need to refinance, provide different collateral, or reduce the balance substantially.”
“We’re already speaking with them.”