- Loan Amount * $1,400,000
- Rate * 10.99%
- Appraised Value * $2,965,000
- Term * 36 Months, Interest Only
Our borrower is working to turn the equity into tangible production. We underwrote this cash out refinance on a large Humboldt County ranch with robust timber and rolling hills enabling the borrower to produce timber and ag. The borrower will exit the loan with production from operation or other assets.