• Loan Amount * $500,000
• Rate * 8.99% adjustable
• Appraised Value * $2,500,000
• Term * 10 years, Interest Only
• Lien Position * First

A return borrower needed to refinance and came back to us for a 20 year amortization with a balloon due in 10. We structured the loan to work with the current rent roll. In ten years, if needed, we can revisit the loan and extend if circumstances are favorable.