• Loan Amount * $650,000
  • Rate * 9.50%
  • Appraised Value * $2,000,000
  • Term * 6 months, IO
  • Lien Position * First

Our Borrower owned two permitted cannabis cultivation properties free and clear. The Borrower was in contract on another investment property to flip.  We were able to make a bridge loan to provide the down payment.  Our loan will be paid from the sale of one of the properties.