- Loan Amount* $725,000
- Collateral Valuation: * $1,745,000
- Term * 36 months, First Lien, IO
- Rate * 9.25%
Our borrower needed to pay off a prior lender whose personal entanglement was complicating their commercial real estate ownership. We were glad to simplify life while our borrower works on a bank refinance or property sale within our term.