- Loan Amount: $225,000
- Rate: 11.25%
- Value: $425,000
- Term: 12 months IO
- Lien Position: First
Three years prior, our repeat borrower purchased a ten acre parcel with our financing. When they found the opportunity to purchase an adjacent parcel and apply a county approved timber harvesting plan, they came to us again. The surest sign of customer satisfaction is when they come back. We love to facilitate opportunities which would have been time, cost, or credit analysis prohibitive with other lenders. This is a great example.