Property Location: Crete, NE Property Value: $40,000 Loan Amount: $20,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks This borrower wanted to buy the property for a family member as a rental, he brought cash to closing to settle the difference.
Month: February 2017
Property Location: Columbus, OH Property Value: $145,000 Loan Amount: $50,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks This borrower needed the funds to complete minor rehab on the property, then the borrower plans to try and sell the property to pay us off.
Property Location: Saginaw, MI Property Value: $130,000 Loan Amount: $65,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks This borrower needed cash to complete some minor work on the property before listing it for sale, the property was free and clear.
Property Locations: Auburn & Norway, Maine Combined Property Value: $122,000 Loan Amount: $78,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks This client came to us for funds to complete the purchase of this Multi-Unit and pledged his free and clear SFR as collateral. He plans to sell both properties once renovations …