Monthly Archives: February 2016

803 SQ FT – Cash-Out Refinance

Front Picture

Property Location: Thomasville, NC

Property Value: $65,000

Loan Amount: $30,000

Interest Rate: 12%

Term: 24 Months

Closed In: 1 Week

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

976 SQ FT – Single Family Residence Purchase

Purchase

Property Location: Plainsfield, CT
Property Value: $139,000

Loan Amount: $66,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Repeat borrower is an experienced house flipper and brought cash to the deal to settle the HUD. Borrower plans to fix-and-flip the property and pay us off.

2,000 SQ FT – Cash Out Refinance

Front Pic 1

Property Location: Milton, DE

Property Value: $180,000

Loan Amount: $50,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Borrower is an experienced house flipper who needed funds to complete rehab on the property.