This was a 504 Loan used for the ground up construction of a Studio 6. The challenge of this loan was the simple fact that this was a new construction in an area that was very remote an extremely reliant upon occupancy from local oil drilling companies. Bank’s are extremely conservative and highly unlikely to do loans in oil areas in TX, OK, WY. However, we were able to mitigate the banks concerns with a favorable loan structure that worked for both the buyer’s and the bank. We also experienced difficulties in the land survey, which we were able to work through with the bank.