Month: September 2015

1,804 SQ FT Single Family Home – Construction Loan

Property Location: Blytheville, AR Property Value: $130,000 Loan Amount: $45,000 Interest Rate: 12% Term: 24 Months Closed In: 2 Weeks Borrower pledged free and clear real estate in order to obtain additional funds to complete a full rehab of this property before putting it on the market for sale.

20,038 SQ FT Multi-Unit Building – Purchase Loan

Property Location: St. Louis, MO Property Value: $187,000 Loan Amount: $78,000 Interest Rate: 12% Term: 24 Months Broker Commission: 2 Points Closed In: 3 Weeks Borrower pledged 3 free & clear properties and brought $27,000 to complete the purchase of this 12 unit apartment building.