• Loan Amount: $400,000
• Rate: 7.99%
• Appraisal Value: $1,300,000
• Term: 36 months
• Lien Position: First

This loan was made on an investment property located in one of the most desirable areas in Sonoma County – Sobre Vista. Loan proceeds were used to pay off an existing deed of trust which lowered the borrower’s costs plus for improvements/updates to the single family residence in anticipation of a sale.