• Loan Amount * $2,400,000
• Rate * 10.50%
• Appraised Value * $5,500,000
• Term * 12 months, IO
• Lien Position * First

Our borrowers had recently moved to a new location and needed capital to acquire inventory. We were able to provide the necessary capital via a cash out refinance of their lumber mill. Within a year, the Borrowers expect to be ready for traditional financing again.