Month: February 2017

800 SQ FT – Single Family Home Purchase

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.

1,655 SQ FT – Cash-Out Refinance

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.

2,804 SQ FT – Single Family Home Refinance

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.