• Loan Amount * $200,000
  • Rate * 9.99%
  • Appraised Value * $400,000
  • Term * 24 months, IO
  • Lien Position * First

Our Borrower had been in escrow for over a year working on subdividing the property.  The sellers were unwilling to another extension.  We were able to make a 24 month loan, enough time to finish the mapping and secure construction financing to pay us off.