4,976 SQ FT – Commercial Property Refinance Loan

Property Location: Standish, MI

Property Value: $250,000

Loan Amount: $80,000

Loan Term: 24 Months

Interest Rate: 12%

Broker Commission: 3 Points

This borrower needed funds to pay off his current first position lender and pay some taxes, he pledged this free and clear commercial strip-mall as collateral.