- Loan Amount: * $1,050,000.00
- Rate: * 9.00%
- Appraisal Value: * $2,100,000.00
- Term: * 24 months, IO
- Lien Position: * First
Our Borrower was involved in a 1031 and needed to close within 2 weeks. Conventional agricultural financing is difficult and timely. Our bridge loan will give the borrower time to pursue conventional financing or flip the property for a profit.