Month: May 2014

1,800 SQ FT Single Family – Rehab Flip Loan

Property Location: Stockton, MO Property: Value: 70,000 Loan Amount: $25,000 Interest Rate: 12% Term: 12 Months The borrower had purchased and started the renovation out of pocket. We were able to offer a Cash out Refinance to help him finish the rehab. The property has an end buyer in place.

2,052 SQ FT 2-Unit Multi – Cash Out Refinance

Property Location: Chicago, IL Property: Value: 185,000 Loan Amount: $70,000 Interest Rate: 12% Term: 2 Years Broker: 2% ($1,400) The borrower had purchased and renovated this 2 unit out of pocket. We were able to offer a Cash-Out Refinance to help him purchase another property.

1,400 SQ FT Duplex + 2 Town Homes

Property Location: Kansas City, MO Property: Value: 170,000 Loan Amount: $55,000 Interest Rate: 12% Term: 2 Years The borrower had purchased and renovated the duplex and both town homes out of pocket. We were able to offer a Cash-out Refinance to help her obtain the next couple opportunities prior to selling.

7,200 SQ FT Performing Industrial

Location: Columbus, Ohio Property type: Performing Industrial Type of transaction: Lender purchase w/NNN lease option to tenant Appraised Value: $499,000 Purchase price: $200,000 Lease option price: $225,000 Broker fees: $4,000.00   The borrower had good equity in his property,  but there were circumstances that did not make us entirely comfortable producing a traditional loan on the property. We …

7,200 SQ FT Performing IndustrialRead More »