This funding was a high end home in the Los Gatos area where the owner/builder needed financing to complete the home.  With our construction completion hard money loan we were able to get him the financing needed at great terms.  Due to the large amount of equity in the home, we were able to secure a rate below 8% on a 12 month term.  In addition, we were able to get all funds released at closing on the particular transaction so there was no delay in obtaining funds needed to ready the home for sale.