• Loan Amount: $210,500
  • Rate: 8.75%
  • Appraisal Value: $500,000
  • Term: 36 months
  • Lien Position: First

Our borrower purchased this store in 2005. While he had never been late on a payment, the loan was no
longer bankable. We were asked to provide a 36 month bridge loan while he works on his credit. Within the
timeframe, our borrower should be ready again for bank financing.

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