- Loan Amount: $400,000
- Rate: 9.50%
- Appraisal Value: $798,000
- Term: 36 months
- Lien Position: First
Our borrower was in contract to purchase a home on 118 acres in Trinity County. We had 15 days to close and the seller was unwilling to extend due to backup offers. Trinity County is very rural but we were able to perform and close on time.