- Loan Amount: $75,000.00
- Rate: 10.25%
- Appraisal Value: $300,000.00
- Term: 60 months
- Lien Position: Second
Our borrower is a restaurant operator who needed cash to remodel and upgrade a rundown restaurant site she wanted to lease. The owner of the building was willing to pledge the building as collateral. This was structure as a construction loan and we acted as the fund control manager.
