We have just closed on a $1,108,800 loan.  The two year interest only loan with no prepayment penalty was secured by a 58.8 acre residential development site located in Cedar City, Utah within the St. George submarket.  The borrower plans on reinstating previously expired approvals for 586 multi/residential units and ultimately sell off the lots.  

 

Please call with any questions or new inquiries.  Thank you.

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