Property Location: Lawrenceburg, TN
Property Value: 260,000
Loan Amount: $150,000
Interest Rate: 12%
We were able to help the borrower with the purchase of an investment home in Tennessee. Borrower cross collateralized a warehouse that they owned fee & clear as well as brought some money to the table. We provided a short term loan that will allow the borrower 24 months before needing to refinance.