Monthly Archives: March 2014

8,000 SQ FT 8 Unit – Purchase & Renovation

Hard Money Loan Chicago

Property Location: Chicago, IL

Property: Value: 450,000

Loan Amount: $220,000

Interest Rate: 12%

We were able to assist these Canadian investors with the acquisition and renovation funds for this 8 unit in Chicago. Borrower brought a sizeable down payment and has done business with T&M in the past. We allowed them 24 months to finish renovation, season the property and refinance conventionally.

1,000 SQ FT Flip House – Cross Collateral Rehab Loan

Hard Money Loan MO

Hard Money Lender MO

Property Location: Cape Girardeau, MO

Property Value: 600,000

Loan Amount: $125,000

Interest Rate: 12%

We were able to fund 100% of the purchase and renovation using equity that the borrower had in his commercial building and primary residence. He had very small first mortgages on both and we used 2nd position liens to secure the collateral for this rehab loan. Borrower has 18 months with no prepayment penalties.

1,600 SQ FT Home w/ Pond – Tennessee

Hard money lender tn

Property Location: Lawrenceburg, TN

Property Value: 260,000

Loan Amount: $150,000

Interest Rate: 12%

We were able to help the borrower with the purchase of an investment home in Tennessee. Borrower cross collateralized a warehouse that they owned fee & clear as well as brought some money to the table. We provided a short term loan that will allow the borrower 24 months before needing to refinance.

1,680 SQ FT 2 Unit – No-Cash Refinance

refinance hard money

Property Location: Chicago, IL

Property Value: $197,000

Loan Amount: $95,000

Interest Rate: 12%

Borrower purchased and renovated this property though a joint venture & gap funder. He had 12 months financing in place that had ballooned and needed to refinance. We were able to offer a 2 year bridge loan that will allow the borrower more time to season the property.

1,200 SQ FT Single Family Home – Rehab Loan

hard money michigan

Property Location: Muskegon, MI

After Repair Value: $104,900

Loan Amount: $25,000

Interest Rate: 12%

Borrower purchased and rehabbed this home out of pocket and needed a small loan to complete the reno. We gave him a 2 year loan with no prepayment penalties