• Loan Amount* $525,000
  • Collateral Valuation: * $1.2M
  • Term * 4 months, First Lien, IO
  • Rate *  8.99%

Our Borrowers were in escrow to sell this property. The close of escrow was scheduled 15 days after the maturity of the existing loan which had a maturity penalty of $50,000. A referral and our quick financing saved our borrowers the maturity penalty.

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