Purchase

2 SFR’s – 1,327 SQ FT – Purchase Loan

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Property Location: Plainsfield, CT
Property Combined Value: $160,000

Loan Amount: $100,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed funds to complete the purchase of these two buildings, which he plans to fix and flip. Borrower brought cash to closing as part of his “skin-in-the-deal”.

1,110 SQ FT Single Family Home Purchase

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Property Location: Greenville, SC

Property Value: $60,000

Loan Amount: $23,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Borrower needed funds to complete the purchase of this single family home and do a fix-n-flip to pay us off.

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.

4,083 Combined SQ FT – SFR Purchase

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Property Location(s): Charleston, WV

Property Combined Value: $239,000

Loan Amount: $48,000

Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Repeat borrower needed funds to purchase a single family house to fix and flip. Pledged existing property as collateral.

3,492 SQ FT – SFR Purchase

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Property Location: Jackson, MI

Property Value: $195,000

Loan Amount: $110,000

Interest Rate: 12%

Term: 12 Months

Closed In: 3 Weeks

Repeat borrower brought cash to settle the HUD on this deal, plans to fix and flip the property and get it on the market this summer.

976 SQ FT – Single Family Residence Purchase

Purchase

Property Location: Plainsfield, CT
Property Value: $139,000

Loan Amount: $66,000

Interest Rate: 12%

Term: 24 Months

Closed In: 3 Weeks

Repeat borrower is an experienced house flipper and brought cash to the deal to settle the HUD. Borrower plans to fix-and-flip the property and pay us off.

1,713 SQ FT Single Family Residence – Purchase

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Property Location: Martinsville, VA

Property Value: $66,000

Loan Amount: $35,000

Term: 24 Months

Interest Rate: 12%

Broker Commission: $2,000

Borrower brought funds to close on this purchase of a single family residence they plan to rent out for additional income.

 

1,792 SQ FT – Purchase Single Family Rental Building

Aquisition

Lonsdale

Purchase

Property Location(s): Red Wing, MN & Mishawaka, IN

Property Combined Value: $159,000

Loan Amount: $35,000

Interest Rate: 13%

Term: 24 Months

Closed In: 3 Weeks

Repeat borrower pledged two free and clear rental properties to complete the acquisition of this third building.

 

2,200 SQ FT SFR – Purchase Loan

Cash-Out Refi

Property Location: Bridgeport, MI

Property As-is Value: $64,000

Loan Amount: $45,000

Interest Rate: 12%

Term: 12 Months

Closed In: 2 Weeks

Borrower brought $20,000 cash to the deal on this purchase. Borrower plans to fix and flip the property and sell it within 12 months.