- Loan Amount: * $225,000.00
- Rate: * 11.00%
- Appraisal Value: * $375,000
- Term: * 10 Year Fully Amortizing
- Lien Position: * First
Our Borrower owned and ran a dispensary in this building for a couple years. The owner wanted to sell and our Borrower was the best buyer for the real estate. Bank financing is not available so our Borrower requested a fully amortizing loan. We were able to make this loan over a 10 year period.