• Loan Amount: $245,000
• Rate: 8.99%
• Appraisal Value: $1,290,000
• Term: 12 months
• Lien Position: First

The borrowers had been working on the acquisition of this property for some time. Initially it was going to be a cash transaction, but then they heard about us, our reputation, our rates and termsand contacted us for a short term loan to supplement the cash acquisition. The borrowers have set aside funds to complete a major remodel of the property. Our ease of execution and commitment to our customers were well appreciated by the borrowers and the seller.