• Loan Amount * $240,000
  • Rate * 8.99%
  • Appraised Value * $500,000
  • Term * 24 months, IO
  • Lien Position * First

Our Borrowers acquired a mixed-use property and needed to refinance. The Borrowers are opening a business on the first floor and needed time to stabilize the business. The exit will be conventional financing once stabilized.