• Loan Amount: $400,000.00
• Rate: 8.99%
• Appraisal Value: $1,050,000.00
• Term: 24 months
• Lien Position: First

This was a returning borrower who was in contract to purchase a hillside lot in Beverly Hills. The seller was involved in a 1031 exchange and time was of the essence. We closed the loan for the purchase in-time for all parties.