- Loan Amount * $1,300,000
- Rate * Index +4.99%
- Appraised Value * $2,350,000
- Term * 24 Months, Interest Only
- Lien Position * First
A repeat borrower was looking for cash out on the subject property as well a long term financing. We were able to provide enough funds to satisfy the borrower and offer a 15 year fully amortizing loan.