• Loan Amount: $207,000
  • Rate: 9.75%
  • Appraisal Value: $450,000
  • Term: 12 months
  • Lien Position: First

Our borrowers recently came into ownership of their primary residence.  A neighboring 45 acre timberland parcel came up for sale.  To act quickly, the borrowers pledged their primary as additional collateral for the acquisition of the timberland.

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