• Loan Amount: $165,000
• Rate: 8.99%
• Appraisal Value: $540,000
• Term: 24 months
• Lien Position: First

This borrower recently acquired a business in Humboldt County and needed liquidity to complete a renovation of the property and to cover start-up costs. The borrower owned other investment properties and we chose to loan against a mixed-use multi-tenant investment property he has owned and operated for several years. We refinanced the existing loans and freed up equity for his new venture.