- Loan Amount: $850,000
- Rate: 6.99%
- Appraisal Value: $1,700,000
- Term: 24 months
- Lien Position: First
This borrower was involved in a 1031 exchange. She was purchasing a 3 unit residential building in San Francisco. The main home had a solar lease so we worked with all parties involved to get the lease transferred and close the loan timely for our borrower.