3,600 SQ FT – Multi-Unit Commercial Building – Cash-Out Refinance


Property Location: Inkster, MI

Property Value: $340,000

Loan Amount: $50,000

Loan Term: 24 Months

Interest Rate: 13%

Broker Commission: 4 Points

The borrower needed funds for back taxes, he pledged this free and clear multi-unit commercial building as collateral to obtain said funds.