1,680 SQ FT 2 Unit – No-Cash Refinance

refinance hard money

Property Location: Chicago, IL

Property Value: $197,000

Loan Amount: $95,000

Interest Rate: 12%

Borrower purchased and renovated this property though a joint venture & gap funder. He had 12 months financing in place that had ballooned and needed to refinance. We were able to offer a 2 year bridge loan that will allow the borrower more time to season the property.