• Loan Amount: $209,000
• Rate: 7.5% – 8.99% step rate
• Appraisal Value: $349,000
• Term: 24 months
• Lien Position: First

This transaction was referred to us by a colleague of ours in Southern California. The property was vested in a Trust and, for various reasons, closing of escrow was delayed. We made a commitment to lend and worked with all parties to ensure we were ready to fund when they were.