2,900 SQ FT – Commercial Purchase Loan

Property Location: Huntsville, AL
Property Value: $175,000

Loan Amount: $95,000

Loan Term: 24 Months

Interest Rate: 13%

Broker Commission: 4% of Loan Amount

This borrower needed help completing the purchase of a new church, borrower plans to do minor updates/improvements on the property before paying us off.

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.

 

2858 SQ FT Commercial Purchase with Rental Unit

Property Location: Cromwell, CT

Property Value: $410,000

Loan Amount: $290,000

Loan Term: 18 Months

Interest Rate: 13%

Closed In: 2 Weeks

This borrower needed help with money to complete the purchase of this commercial shop and rental dwelling lot. They plan to refinance conventionally to pay us off.

1,500 SQ FT – Purchase Loan

Property Location: Swartz Creek, MI

Property After Repair Value: $115,000

Loan Amount: $75,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

This repeat borrower needed cash to complete the purchase of a property they plan to fix and flip.

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.

800 SQ FT – Single Family Home Purchase

Property Location: Crete, NE

Property Value: $40,000

Loan Amount: $20,000

Loan Term: 24 Months

Interest Rate: 12%

Closed In: 3 Weeks

This borrower wanted to buy the property for a family member as a rental, he brought cash to closing to settle the difference.

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.

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