Month: February 2014

1,200 SQ FT Single Family Home – Rehab Loan

Property Location: Lonsdale, MN As Is Property Value: $50,000 After Repair Value: $85,000+ Loan Amount: 25,000 Interest Rate 13% Borrower purchased out of pocket and did some renovations. We were able to provide her with a small bridge loan to finish the renovations.

3,500 SQ FT 4 Plex – Charlotte NC

Property Location: Charlotte, NC Property Value: $120,000 Loan Amount: $65,000 Interest Rate: 12% Canadian Investors who owned this free & clear. We were able to cash them out @ 55% LTV to help assist with their next project.