Property Location: Cleveland, OH Property Value: $242,900 Loan Amount: $55,000 Interest Rate: 12% Term: 24 Months We were able to cash this borrower out of his free and clear property for needed business capital.
Month: February 2015
Property Location: Livermore, ME Property Value: 150,000 Loan Amount: 50,000 Interest Rate: 12% Term: 24 Months We were able to cash out a repeat borrower to complete renovations.
Property Location: Southfield, MI Property Value: $100,000 Loan Amount: $80,000 Interest Rate: 12% Term: 24 Months We were able to provide a 24 month bridge loan to this Michigan Real Estate investor. Property was bank owned and the borrower had 30% down.