$950,000
Land Loan

Sprinkle Cutoff Road

Principals of Schelin Uldricks & Co. arranged a cash out refinance of a matured land loan. The new land loan was interest only, non-recourse, and provided time for the owners to sell the property. In addition, the loan included a 1-year interest reserve so that the owners did not have to come out of pocket for interest payments during the holding period.

Posted in