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      "text": "Client needed the working capital to continue with apartment projects under active development. Client's portion of a separate apartment building sale was to yield $18M in proceeds. The client has substantial net worth and is expected repay the loan when the apartment sale closes.",
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      "text": "Loan Amount $3,900,000; Loan Date 12/27/2021; Interest Rate 12.00%; Maturity Date 9/27/2022; Six-month minimum interest due if early repayment $234,000; Closing fee of 4% $156,000; Discount $(25,000)",
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