• Loan Amount * $615,000
• Rate * 11.99%
• Appraised Value * $947,000
• Term * 11 Months, Interest Only
• Lien Position * First

Our borrower purchased a 1-acre parcel and plans to build a home on the site but wanted to general the project himself to save money. Our borrower heard of our reputation for the flexibility to finance this project if it made sense. And it did! He will pay off with a refinance upon completion of construction.