Monthly Archives: January 2016

1,024 SQ FT – Cash Out Refinance

Debt Consolidation

Property Location: Mount Storm, WV

Property Value: $77,000

Loan Amount: $25,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Broker Fee: 3 Points

Borrower pledged free and clear property to obtain funds for debt consolidation purposes.

1,713 SQ FT Single Family Residence – Purchase

Front Pic

Property Location: Martinsville, VA

Property Value: $66,000

Loan Amount: $35,000

Term: 24 Months

Interest Rate: 12%

Broker Commission: $2,000

Borrower brought funds to close on this purchase of a single family residence they plan to rent out for additional income.

 

936 SQ FT SFR – Cash Out Refinance

Front Pic

Property Location: Monroe, NY

Property Value: $153,000

Loan Amount: $36,000

Term: 24 Months

Interest Rate: 12%

Borrower needed funds to finish a complete rehab on the house, she plans to sell the property in the Spring and pay us off.

3,391 SQ FT – Cash-Out Refinance 2 SFR’s

Property 1 Front Pic

Property 2 Front Pic

Property’s Location: Columbus, OH

Property’s Combined Value: $96,000

Loan Amount: $40,000

Interest Rate: 12%

Term: 24 Months

Broker Fee: 4 Points

Closed In: 3 Weeks

Borrower pledged two free and clear rental properties to obtain funds needed to complete rehab on one of them.