Property Location: Woodward, OK Property Value: $370,000 Loan Amount: $150,000 Loan Term: 24 Months Interest Rate: 13% Closed In: 3 Weeks This borrower needed funds for debt consolidation, he pledged this free and clear rental dwelling as collateral.
Month: May 2017
Property Location: Cromwell, CT Property Value: $410,000 Loan Amount: $290,000 Loan Term: 18 Months Interest Rate: 13% Closed In: 2 Weeks This borrower needed help with money to complete the purchase of this commercial shop and rental dwelling lot. They plan to refinance conventionally to pay us off.
Property Location: Covington, KY Property Value: $265,000 Loan Amount: $70,000 Loan Term: 24 Months Interest Rate: 12% Broker Commission: $3,500 Borrower needed cash to pay off debt accounts, minor renovations on property to make a rentable space above the commercial space. Plans to refi conventionally.
Property Location: Sebago, ME Property After Repair Value: $180,000 Loan Amount: $90,000 Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks Borrower had purchased this property and needed assistance with funds to rehab it, borrower plans to sell the property when complete and pay us off.