Monthly Archives: April 2016

1,792 SQ FT – SFR Cash-Out Refinance

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Property Location: Natchez, MS

Property Value: $107,000

Loan Amount: $35,000

Interest Rate: 13%

Term: 24 Months

Closed In: 3 Weeks

Borrower pledged free and clear rental property to obtain funds for another investment.

 

 

1,000 SQ FT SFR – Purchase Loan

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Property Location: Ypsilanti, MI

Properties Total Combined Value: $153,000

Loan Amount: $36,000

Interest Rate: 12%

Term: 24 Months

Borrower pledged 4 free and clear properties to obtain funds to purchase another rental property.

1,900 SQ FT – Purchase SFR

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Property Location: Paw Paw, MI

Property Value: $97,000

Loan Amount: $65,000

Interest Rate: 12%

Term: 24 Months

Closed In: 2 Weeks

Broker Fee: 4 Points

Borrower brought cash to closing on this purchase transaction, T&M funded the difference.

2,689 SQ FT – SFR Cash-Out Refinance

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Property Location: Waycross, GA

Property Combined Value: $101,000

Loan Amount: $50,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Borrower needed cash-out for another purchase and pledged three free and clear rental units to do so.