• Loan Amount * $350,000
  • Rate * 9.50%
  • Appraised Value * $1,070,000
  • Term * 12 months, IO
  • Lien Position * First

Our Borrower owned two parcels with a home on each. He had permits to build another home on each parcel. We made a construction loan to build both SFR’s and will be paid off with bank financing upon completion.