• Loan Amount: $240,000
• Rate: 8.75%
• Appraisal Value: $ 600,000
• Term: 60 months
• Lien Position: First

This transaction involved the acquisition of a gas station with C-Mart and respective inventories. We worked very closely with the borrower, the seller, the real estate agent, and the escrow company and were ready to fund upon notification of the approval of a required business license. This resulted in a seamless transaction and no business interruption.