• 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.

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