11,044 SQ FT Commercial Building – Purchase Loan

Purchase

Property Location: Tryon, NC

Property Value: $220,000

Loan Amount: $135,000

Interest Rate: 13%

Term: 12 Months

Closed In: 3 Weeks

Borrower brought $73,000 to settle the HUD on this purchase of a 10 bedroom inn and our loan took care of the difference.