- Loan Amount * $850,000
- Rate * 11.89%
- Appraised Value * $1,825,000
- Term * 10 years, Fully Amortizing
- Lien Position * First
Our Borrower was in contract to purchase this home with a hobby vineyard in Sonoma County. Conventional financing is not an option so we made the borrower a 10 year fully amortizing loan with an initial 12-month interest only period.