- Loan Amount * 350,000
- Rate * 10.99%
- Appraised Value * $1,317,000
- Term * 6 Months, Interest Only
- Lien Position * First
Our borrower had a commercial property on the market and identified his next investment purchase. We helped him purchase the new property with a first lien on the property being purchased and a second lien on the property being sold. Our loan will be paid off with proceeds of his listed property closes.