Purchase Money for Log Home on 175 Acres Homestead
Loan Amount * $700,000 Rate * 9.99% adjustable Appraised Value * $1,425,000 Term * 60 Months, Interest only with balloons. Lien Position * First An experienced mountain land farmer purchased this property as company headquarters and to hold retreats. Due to the rural...
67,000 Square Feet Light Industrial Construction
Loan Amount * $3,900,000 Rate * 10.89% Appraised Value * $14,800,000 as complete Term * 30 Months, Construction Lien Position * First We typically don’t reach this high, but when we do, it’s with a first/second lien combination and we were willing with this repeat...
Cash Out for Farming
Loan Amount * $100,000 Rate * 10.99% Appraised Value * $500,000 Term * 12 Months, Interest Only Lien Position * First Our borrower needed operating capital for the year. We were able to make the loan and the borrower will pay it off with the sale of other real...
Timberland Purchase
Loan Amount * $291,500 Rate * 9.99% Appraised Value * $540,000 Term * 24 Months, Interest Only Lien Position * First Our borrower is an experienced timber faller who can value-add by falling the timber himself and retain the ownership of the land for home...
