- Loan Amount: $207,500
- Rate: 8.75%
- Appraisal Value: $710,000
- Term: 36 months
- Lien Position: First & Second ($160,000 existing first)
Our borrowers needed cash quickly. This transaction required residential and agriculture collateral located in two separate counties. Our relationships with Title & Escrow allowed us to get this somewhat complicated transaction closed within 7 days.