• Loan Amount * $1,500,000
• Rate * 8.49%
• Appraised Value * $2,700,000
• Term * 12 months, IO
• Lien Position * First

Our Borrowers owned and operated multiple assisted living facilities in the East Bay. They needed quick capital for business purposes and requested we make a 12 month loan. They expect to refinance our loan with SBA financing within the year.