• Loan Amount * $975,000
• Rate * 11.89%
• Appraised Value * $1,950,000
• Term * 12 months, IO
• Lien Position * First

Our Borrower was in escrow on a purchase for a 118 acre ranch in Trinity County.  Financing fell thru and the deal was about to be canceled.  We were able to quickly salvage the deal and make the loan within 14 days to save the transaction.