Monthly Archives: November 2016

1,277 SQ FT – SFR Cash-Out Refinance

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Property Location: St. Thomas, V.I.

Property Value: $575,000

Loan Amount: $125,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Repeat borrower needed funds to complete exterior work on the property to get it ready for sale.

4,800 SQ FT – Commercial Refinance

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Property Location: Cleveland, OH

Property Value: $65,000

Loan Amount: $38,000

Loan Term: 36 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed funds for minor repairs on the church.

1,276 SQ FT – SFR Cash-out Refinance

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Property Location: Fayetteville, NC

Property Value: $82,000

Loan Amount: $20,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed cash to debt consolidate, pledged a free and clear rental property as collateral on the loan.