New Construction SFR – Purchase/Construction Loan

Property Location: Aberdeen, MS

Property Value: $110,000

Loan Amount: $40,000

Loan Term: 12 Months

Interest Rate: 12%

Broker Commission: 5 Points

The borrower needed funds to complete the purchase of this piece of land to build a new SFR, he plans to sell the property once it’s completed and pay us off.