• Loan Amount: $165,000
  • Rate: 8.99%
  • Appraisal Value: $540,000
  • Term: 24 months
  • Lien Position: First

This borrower recently acquired a business in Humboldt County and needed liquidity to complete a renovation of the property and to cover start-up costs. The borrower owned other investment properties and we chose to loan against a mixed-use multi-tenant investment property he has owned and operated for several years. We refinanced the existing loans and freed up equity for his new venture.

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