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.
Month: February 2014
Property Location: Dayton, OH Property Value: $145,000 Loan Amount: $75,000 Interest Rate: 12% We were able to assist these Canadian investors with the purchase of 2 4-Plex multi unit buildings. Borrower collateralized a 2 unit and brought money to closing.
Before Renovation: After Renovation: Property Location: Philadelphia, PA Property Value: $3,000,000 Loan Amount: $345,000 Interest Rate: 13% Broker: 3% We were able to provide a construction loan to this church for renovation to their 3rd floor.
Property Location: Mablevale, AR Property Value: $85,000 Loan Amount: $40,000 Interest Rate: 12% We were able to provide a short term hard money loan on this rental home until the borrower sold the property.
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.