Property Location: Birmingham, AL Property: Value: 80,000 Loan Amount: $35,000 Interest Rate: 12% Term: 2 Years The borrower purchased and started renovation out of pocket. After being worked over by another lender, we were able to offer a rehab loan to help them finish the renovation. They plan to rent this home out, so we gave […]
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.
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.
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.
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
T&M Commercial Funding provides equity based lending to investors, brokers, corporations and sub-prime money borrowers who do not meet conventional lender requirements
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