Month: December 2015

1,704 SQ FT – Cash-Out Refinance

Property Location: Kansas City, KS Property Value: $69,000 Loan Amount: $35,000 Interest Rate: 12% Term: 24 Months Closed In: 2 Weeks Repeat borrower needed funds for minor rehab on the property, plans to turn the property into a rental unit.

1,200 SQ FT – Cash Out Refinance

Property Locations: Country Club Hills, IL Property Combined Value: $85,000 Loan Amount: $35,000 Interest Rate: 12% Term: 24 Months Closed In: 2 Weeks Borrower needed funds for debt-consolidation purposes and pledged two free and clear properties to do so.

1,296 SQ FT – SFR Cash Out Refinance

Property Location: St. Joseph, MO Property Value: $55,000 Loan Amount: $20,000 Interest Rate: 12% Term: 24 Months Closed In: 3 Weeks Borrower pledged free and clear property to obtain funds for minor improvements on the property. She plans to refinance out of our loan once the work is completed.