Retail / Business Purpose

1st Lien Position

Bluffton, SC

– Free and clear TD Bank in Bluffton, SC

– Property was on the market for sale, but it was taking longer than anticipated to sell

– Borrower needed instant access to cash in order to settle a business lawsuit

– Very strict deadline to settle otherwise the borrower would face up to $1M in penalties

– Loan closed in 10 business days

– 72% LTV

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