• Loan Amount* $700,000
• Collateral Valuation: * $2.1M
• Term * 18 months, First Lien, IO
• Rate * 9.89%

We financed two construction loans for our borrower and his partners in their newly developed business park in Desert Hot Springs. Our borrower owned this building free and clear in the Park and needed to use his equity to purchase equipment before the end of the year.