4,105 SQ FT Single Family Residence – Cash-Out Refinance

Construction

Property Location: Galena, IL

Property Value: $338,500

Loan Amount: $85,500

Interest Rate: 13%

Term: 24 Months

Broker Commission: 4 Points

Borrower pledged free and clear property to get funds to complete necessary rehab, plans to put the house on the market once rehab is complete.