• Loan Amount: $50,000
• Rate: 8.50%
• Appraisal Value: $ 175,000
• Term: 54 months
• Lien Position: First

The borrower wanted to expand an equestrian boarding and riding area on their rental property. We moved quickly to provide financing. The rate will adjust to 9.00% after 18 months and then to 9.5% for the remaining term.