1,200 Sq. Ft. Warner Robins GA Commercial Purchase
Property Location: Warner Robins, GA Property Value: $154,000 Loan Term: 12 Months Client used the funds to purchase a second property.
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Purchase
2,900 SQ FT – Commercial Purchase Loan
Property Location: Huntsville, AL Property Value: $175,000 Loan Amount: $95,000 Loan Term: 24 Months Interest Rate: 13% Broker Commission: 4% of Loan Amount This borrower needed help completing the purchase of a new church, borrower plans to do minor updates/improvements on the property before paying us off.
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2858 SQ FT Commercial Purchase with Rental Unit
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.
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1,500 SQ FT – Purchase Loan
Property Location: Swartz Creek, MI Property After Repair Value: $115,000 Loan Amount: $75,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks This repeat borrower needed cash to complete the purchase of a property they plan to fix and flip.
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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.
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3,200 SQ FT Multi-Unit Purchase
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
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New Construction SFR – Purchase/Construction Loan
Property Location: Aberdeen, MS Property Value: $110,000 Loan Amount: $40,000 Loan Term: 12 Months Interest Rate: 12% Broker Commission: 5 Points The borrower needed funds to complete the purchase of this piece of land to build a new SFR, he plans to sell the property once it’s completed and pay us off.
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2,186 SQ FT – Rental Dwelling Purchase
Property Location: Collettsville, NC Property Combined Value: $210,000 Loan Amount: $90,000 Interest Rate: 12% Term: 24 Months Closed In: 3 Weeks Borrower needed funds for the purchase of a rental dwelling down the street from his current rental, he pledged free and clear real estate to obtain funds.
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3,492 SQ FT – Multi-Property – Purchase Loan
Property Location(s): Burgaw, NC & Jacksonville, NC Properties Combined Value: $185,000 Loan Amount: $90,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 4 Weeks Borrower needed funds to complete the purchase, he pledged a free-and-clear property as collateral.
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3,460 SQ FT (combined) – Purchase Loan
Property Location: Indianola, MS Properties Combined Value: $180,000 Loan Amount: $50,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks Borrower needed funds to purchase a rental property he hopes to fix & flip, he pledged a free-and-clear commercial property as collateral.
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