2 SFR’s – 2,642 SQ FT Combined – Cash-Out Refinance

508 daughtry front pic

907 lancaste front pic

Property Location: Rocky Mount, NC

Properties Combined Value: $77,000

Loan Amount: $38,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: 5 Points

This borrower pledged two free and clear properties to obtain the funds necessary to do minor rehab, he plans to put both properties on the market for sale.