- Loan Amount * 1,285,000
- Rate * 11.99% [or “Call to Ask”]
- Appraised Value * $3.5MM
- Term * 24 Months, Interest Only
- Lien Position * First
Facing tight deadlines on a maturing private loan, this automotive entrepreneur needed swift funding. He secured timely financing to restructure his debt while maintaining his profitable repair facility and dealership operation. He plans to refinance with conventional or government-backed financing upon maturity.
