• 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.