• Loan Amount * $540,000
  • Rate * 11.14%
  • Appraised Value * $818,000
  • Term * 15 years, Amortizing
  • Lien Position * First

Our Borrower was in contract to purchase a 20-acre farm in Humboldt County and traditional financing was difficult for two reasons: loan size and acreage. We were able to make our Borrower a 15 year fully amortizing loan, so they did not have a balloon payment to worry about.