Refinance

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.

1,277 SQ FT – SFR Cash-Out Refinance

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Property Location: St. Thomas, V.I.

Property Value: $575,000

Loan Amount: $125,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Repeat borrower needed funds to complete exterior work on the property to get it ready for sale.

4,800 SQ FT – Commercial Refinance

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Property Location: Cleveland, OH

Property Value: $65,000

Loan Amount: $38,000

Loan Term: 36 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed funds for minor repairs on the church.

1,276 SQ FT – SFR Cash-out Refinance

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Property Location: Fayetteville, NC

Property Value: $82,000

Loan Amount: $20,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed cash to debt consolidate, pledged a free and clear rental property as collateral on the loan.

51,520 SQ FT Commercial Building – Refinance Loan

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Property Location: Marion, IN

Property Value: $450,000

Loan Amount: $90,000

Interest Rate: 12%

Term: 24 Months

Closed In: 2 Weeks

Borrower needed funds to assist with the payoff of his 1st position mortgage lender.

1,442 SQ FT – SFR – Cash-Out Refinance

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Property Location: Cherryville, NC

Property Value: $50,000

Loan Amount: $25,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 2 Weeks

Borrower needed funds for his business ventures and pledged this free and clear rental property to obtain funds.

3,536 SQ FT – Multi-Family Unit – Cash-Out Refinance

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Property Location: East St. Louis, IL

Property Value: $50,000

Loan Amount: $20,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

Repeat borrower needed funds to purchase another rental property, she pledged this free and clear multi-unit building as collateral.

3,600 SQ FT – Multi-Unit Commercial Building – Cash-Out Refinance

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Property Location: Inkster, MI

Property Value: $340,000

Loan Amount: $50,000

Loan Term: 24 Months

Interest Rate: 13%

Broker Commission: 4 Points

The borrower needed funds for back taxes, he pledged this free and clear multi-unit commercial building as collateral to obtain said funds.

1,277 SQ FT SFR Cash-Out Refinance

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Property Location: St. John, Virgin Islands

Property Value (As-is): $475,000

Loan Amount: $65,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: 5 Points

Closed In: 2 Weeks

Borrower pledged his free and clear property to obtain funds to do some minor renovations, after the renovations the property is estimated to be worth $525,000.

2 SFR’s – 2,642 SQ FT Combined – Cash-Out Refinance

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Property Location: Rocky Mount, NC

Properties Combined Value: $77,000

Loan Amount: $38,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: 5 Points

This borrower pledged two free and clear properties to obtain the funds necessary to do minor rehab, he plans to put both properties on the market for sale.