• Purpose: Business purpose loan to invest in borrower’s friend’s business.
• Property Value: Purchased for $20.6 million April, 2020
• Size: 12,628 sqft, 6 bd, 11 ba
Notes:
• Built in 2017
• Personal Guaranty
Terms:
• Loan Amount: $3,000,000
• CLTV: 59%
• Term: 12 months
• Interest Rate: 10.9%
