Refinance

2,583 SQ FT – Commercial Refinance

Property Location: Woodward, OK

Property Value: $370,000

Loan Amount: $150,000

Loan Term: 24 Months

Interest Rate: 13%

Closed In: 3 Weeks

This borrower needed funds for debt consolidation, he pledged this free and clear rental dwelling as collateral.

 

4,558 SQ FT – Commercial Building Refi

Property Location: Covington, KY

Property Value: $265,000

Loan Amount: $70,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: $3,500

Borrower needed cash to pay off debt accounts, minor renovations on property to make a rentable space above the commercial space. Plans to refi conventionally.

2,800 SQ FT – SFR Fix ‘N Flip

Property Location: Saginaw, MI

Property Value: $130,000

Loan Amount: $65,0000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Borrower purchased the property, free and clear, needed funds to make minor renovations before putting the house on the market for sale.

3,400 SQ FT – Multi-Unit Construction Loan

Property Location: Sebago, ME

Property After Repair Value: $180,000

Loan Amount: $90,000

Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Borrower had purchased this property and needed assistance with funds to rehab it, borrower plans to sell the property when complete and pay us off.

1,655 SQ FT – Cash-Out Refinance

Property Location: Columbus, OH

Property Value: $145,000

Loan Amount: $50,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

This borrower needed the funds to complete minor rehab on the property, then the borrower plans to try and sell the property to pay us off.

2,804 SQ FT – Single Family Home Refinance

Property Location: Saginaw, MI

Property Value: $130,000

Loan Amount: $65,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

This borrower needed cash to complete some minor work on the property before listing it for sale, the property was free and clear.

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.

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.