• Loan Amount: $1,500,000
  • Rate: 11.5%
  • Combined Appraisal Value: $3,690,000
  • Term: 9 months, IO
  • Lien Position: First

Our borrowers were in escrow on an investment purchase and needed to quickly pull equity out of 3 of their free and clear properties for a short period of time.  We were able to make an investor grade 1st lien for 9 months and a piggyback 2nd lien in the amount of $1MM for 6 months to help facilitate the transaction.

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