- Loan Amount: * $1,138,250
- Rate: * 9.25%
- Appraisal Value: * $1,855,000
- Term: * 15 year, fully amortizing
- Lien Position: * First
Our borrower owned this property free and clear. The request was a cash out to purchase another medical cannabis dispensary. Since bank financing is not available, we made this a 15 year fully amortizing loan.