Monthly Archives: January 2017

4,976 SQ FT – Commercial Property Refinance Loan

Property Location: Standish, MI

Property Value: $250,000

Loan Amount: $80,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: 3 Points

This borrower needed funds to pay off his current first position lender and pay some taxes, he pledged this free and clear commercial strip-mall as collateral.

1,188 SQ FT – Commercial Refinance

Property Location: Evansville, IN

Property Value: $50,000

Loan Amount: $23,000

Loan Term: 12 Months

Interest Rate: 12%

This repeat borrower needed funds to purchase another property to flip, he pledged this free and clear property as collateral.

2,500 SQ FT – Cash-Out Refinance

Property Location: Ozawkie, KS

Property Value (After Completion): $160,000

Loan Amount: $75,000

Loan Term: 18 Months

Interest Rate: 12%

Broker Commission: 3 Points

This borrower needed funds to complete the remaining work on this new build. They plan to flip the house once it’s completed and pay us off.

New Construction SFR – Purchase/Construction Loan

Property Location: Aberdeen, MS

Property Value: $110,000

Loan Amount: $40,000

Loan Term: 12 Months

Interest Rate: 12%

Broker Commission: 5 Points

The borrower needed funds to complete the purchase of this piece of land to build a new SFR, he plans to sell the property once it’s completed and pay us off.

3,527 SQ FT – Cash-Out Refinance

Property Location: Jacksonville, FL

Property Value: $220,000

Loan Amount: $90,000

Loan Term: 12 months

Interest Rate: 12%

Broker Commission: 3 Points

This borrower needed cash for other investment property purchases, he pledged this free and clear property to obtain funds.

1,514 SQ FT – Cash-Out Refinance

Property Location: Kingston, TN

Property Value: $85,000

Loan Amount: $35,000

Loan Term: 18 Months

Interest Rate: 12%

Broker Commission: 3 Points

Borrower needed funds to complete construction on the property to get it ready for sale. Borrower plans to sell the property and pay us off.