• Loan Amount: $114,000.00
  • Rate: 11.00%
  • Appraisal Value: $340,000.00
  • Term: 24 months
  • Lien Position: First

Our borrower spent the last 5 years subdividing a parcel. He was involved with 3 other partners and the loan was an owner carry. We were able to provide our borrower with a loan to pay off his remaining balance.