Purchase

2,900 SQ FT – Commercial Purchase Loan

Property Location: Huntsville, AL
Property Value: $175,000

Loan Amount: $95,000

Loan Term: 24 Months

Interest Rate: 13%

Broker Commission: 4% of Loan Amount

This borrower needed help completing the purchase of a new church, borrower plans to do minor updates/improvements on the property before paying us off.

2858 SQ FT Commercial Purchase with Rental Unit

Property Location: Cromwell, CT

Property Value: $410,000

Loan Amount: $290,000

Loan Term: 18 Months

Interest Rate: 13%

Closed In: 2 Weeks

This borrower needed help with money to complete the purchase of this commercial shop and rental dwelling lot. They plan to refinance conventionally to pay us off.

1,500 SQ FT – Purchase Loan

Property Location: Swartz Creek, MI

Property After Repair Value: $115,000

Loan Amount: $75,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

This repeat borrower needed cash to complete the purchase of a property they plan to fix and flip.

800 SQ FT – Single Family Home Purchase

Property Location: Crete, NE

Property Value: $40,000

Loan Amount: $20,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

This borrower wanted to buy the property for a family member as a rental, he brought cash to closing to settle the difference.

3,200 SQ FT Multi-Unit Purchase

Property Locations: Auburn & Norway, Maine

Combined Property Value: $122,000

Loan Amount: $78,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

This client came to us for funds to complete the purchase of this Multi-Unit and pledged his free and clear SFR as collateral. He plans to sell both properties once renovations are 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.

2,186 SQ FT – Rental Dwelling Purchase

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Property Location: Collettsville, NC

Property Combined Value: $210,000

Loan Amount: $90,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Borrower needed funds for the purchase of a rental dwelling down the street from his current rental, he pledged free and clear real estate to obtain funds.

3,492 SQ FT – Multi-Property – Purchase Loan

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Property Location(s): Burgaw, NC & Jacksonville, NC

Properties Combined Value: $185,000

Loan Amount: $90,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 4 Weeks

Borrower needed funds to complete the purchase, he pledged a free-and-clear property as collateral.

3,460 SQ FT (combined) – Purchase Loan

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Property Location: Indianola, MS

Properties Combined Value: $180,000

Loan Amount: $50,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Borrower needed funds to purchase a rental property he hopes to fix & flip, he pledged a free-and-clear commercial property as collateral.

 

1,456 SQ FT Single-Family-Residence – Purchase

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Property Location: Milton, DE

Property Value: $215,000

Loan Amount: $175,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed funds to complete the purchase of this property they plan to fix-n-flip. The property needs very minor renovations, borrower brought cash to closing as part of their “skin in the deal