Umatilla County, OR – $1,375,000
Our borrower has a rather unusual property for sale, and wanted to take care of some business obligations by refinancing the property. We took the property for sale along with a leased farm property and funded the his immediate needs without a new appraisal. After obtaining new appraisals, we advanced additional funds. The loan is structured to allow him to sell the subject property when he finds the right buyer.