• Loan Amount: $245,000
  • Rate: 8.99%
  • Appraisal Value: $1,290,000
  • Term: 12 months
  • Lien Position: First

The borrowers had been working on the acquisition of this property for some time. Initially it was going to be a cash transaction, but then they heard about us, our reputation, our rates and termsand contacted us for a short term loan to supplement the cash acquisition. The borrowers have set aside funds to complete a major remodel of the property. Our ease of execution and commitment to our customers were well appreciated by the borrowers and the seller.

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