• Loan Amount * $300,000
• Rate * 10.89%
• Appraised Value * $900,000
• Term * 60 Months, Interest Only
• Lien Position * First

87 acres with great mountain and Pacific Ocean views for a known reliable, repeat, borrower. We were able to get creative with financing; the borrower put down 1/3, the seller carried $300K, and we made a $300K loan to make this opportunity a reality. The borrower will exit our loan by annual balloon payments based on produce sales.