- Loan Amount * $200,000.00
- Rate * 9.49%
- Combined Appraised Value * $ 335,000
- Term * 8 years fully amortizing
- Lien Position * First
Our borrower was in contract to purchase an old veterinarian office. The borrower had previously rented space for her small manufacturing operation. Since the borrower is self-employed it would have been difficult to get traditional financing. We were able to make an 8 year fully amortizing loan.