20,038 SQ FT Multi-Unit Building – Purchase Loan

Multi-Unit Building

Property Location: St. Louis, MO

Property Value: $187,000

Loan Amount: $78,000

Interest Rate: 12%

Term: 24 Months

Broker Commission: 2 Points

Closed In: 3 Weeks

Borrower pledged 3 free & clear properties and brought $27,000 to complete the purchase of this 12 unit apartment building.