The borrower needed funds to purchase a warehouse with a C.U.P. for Cannabis Appraised Value: $2,675,000 Protective Equity: $1,625,000 Loan-to-value-Appraisal: 40%
The borrower needed quick cash for a business opportunity in under a week.
The Borrower needed funds to complete their project. The loan is in second position and the CLTV was based off the after repair value.