Month: November 2016

1,277 SQ FT – SFR Cash-Out Refinance

Property Location: St. Thomas, V.I. Property Value: $575,000 Loan Amount: $125,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks Repeat borrower needed funds to complete exterior work on the property to get it ready for sale.

1,276 SQ FT – SFR Cash-out Refinance

Property Location: Fayetteville, NC Property Value: $82,000 Loan Amount: $20,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks Repeat borrower needed cash to debt consolidate, pledged a free and clear rental property as collateral on the loan.