• 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.

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