The revolving line of credit carried a 0.83% interest rate, far below other market rates.
State Sen. Matt Dolan, a Chagrin Falls Republican, is running for the U.S. Senate. To finance his U.S. Senate campaigns, Matt Dolan took to Morgan Stanley to draw a $5 million to $25 million line of credit,after reviewing financial disclosures. Despite the size of the loan, the multimillionaire Republican state senator owed just 0.83% interest.
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