- Loan Amount: $400,000.00
- Rate: 8.99%
- Appraisal Value: $1,050,000.00
- Term: 24 months
- Lien Position: First
This was a returning borrower who was in contract to purchase a hillside lot in Beverly Hills. The seller was involved in a 1031 exchange and time was of the essence. We closed the loan for the purchase in-time for all parties.