- 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.