3,500 SQ FT Single Family Home – Construction Loan Refinance

Rehab Residential

Property Location: Raleigh, NC

Property Value: $365,000

Loan Amount: $65,000

Interest Rate: 12%

Term: 18 Months

Broker Commission: 5 Points

Closed In: 3 Weeks

Comments: Customer completed 70% of the project out of pocket, we lent her the remaining money needed to finish construction. Property was free & clear.