- Loan Amount * $650,000
- Rate * 9.50%
- Appraised Value * $2,000,000
- Term * 6 months, IO
- Lien Position * First
Our Borrower owned two permitted cannabis cultivation properties free and clear. The Borrower was in contract on another investment property to flip. We were able to make a bridge loan to provide the down payment. Our loan will be paid from the sale of one of the properties.
