• Loan Amount: $75,000.00
• Rate: 10.25%
• Appraisal Value: $300,000.00
• Term: 60 months
• Lien Position: Second

Our borrower is a restaurant operator who needed cash to remodel and upgrade a rundown restaurant site she wanted to lease. The owner of the building was willing to pledge the building as collateral. This was structure as a construction loan and we acted as the fund control manager.