• Loan Amount * $250,000
• Rate * 9.75%
• Appraised Value * $750,000
• Term * 6 Months, Interest Only
• Lien Position * First

Our return borrower was deep into a remodel with many cost overruns. Due to the ample equity in the property, we were able to make the borrower a loan to provide enough funds to complete the remodel. The exit is bank financing.