• Loan Amount * $1,500,000
• Rate * 12.89%
• Appraised Value * $3,000,000
• Term * 24 months, Partially Amortizing
• Lien Position * First

Our Borrower had a land lease in place for a Cannabis Cultivation tenant.  Our Borrower was responsible for the infrastructure and then the tenant would build the building and all tenant improvements.  Our loan will be paid off thru the rental income proceeds