• Loan Amount * $650,000
• Rate * 10.50% 
• Appraised Value * $1,500,000
• Term * 6 Months, Interest Only
• Lien Position * First

A Repeat borrower was actively searching for rural property in the region. He came across the subject property and, with multiple offers made, needed to move quickly and aggressively. Although he qualified for traditional ag financing, time was of the essence. We financed the purchase with the clear exit plan that the borrower will pay us off when another property he is selling closes.