- Loan Amount: * $315,000.00
- Rate: * 9.50%
- Appraisal Value: * $ 900,000
- Term: * 36 months, IO
- Lien Position: * First / Second
Our Borrowers were in contract to purchase a ranch/agricultural land for cannabis cultivation. Bank financing is not currently available for cannabis operations. Borrowers request a 36 month loan. Our loan will be paid off with a third party equity infusion or a construction loan once the permits are received.
