Purchase

  Property Location: Memphis, TN Property Value: $164,500 Loan Amount: $60,000 Interest Rate: 12% Term: 2 Years  

Location: Columbus, Ohio Property type: Performing Industrial Type of transaction: Lender purchase w/NNN lease option to tenant Appraised Value: $499,000 Purchase price: $200,000 Lease option price: $225,000 Broker fees: $4,000.00   The borrower had good equity in his property,  but there were circumstances that did not make us entirely comfortable producing a traditional loan on the property. We

Property Location: Chicago, IL Property: Value: 450,000 Loan Amount: $220,000 Interest Rate: 12% We were able to assist these Canadian investors with the acquisition and renovation funds for this 8 unit in Chicago. Borrower brought a sizeable down payment and has done business with T&M in the past. We allowed them 24 months to finish

Property Location: Cape Girardeau, MO Property Value: 600,000 Loan Amount: $125,000 Interest Rate: 12% We were able to fund 100% of the purchase and renovation using equity that the borrower had in his commercial building and primary residence. He had very small first mortgages on both and we used 2nd position liens to secure the

Property Location: Lawrenceburg, TN Property Value: 260,000 Loan Amount: $150,000 Interest Rate: 12% We were able to help the borrower with the purchase of an investment home in Tennessee. Borrower cross collateralized a warehouse that they owned fee & clear as well as brought some money to the table. We provided a short term loan that

Property Location: Dayton, OH Property Value: $145,000 Loan Amount: $75,000 Interest Rate: 12% We were able to assist these Canadian investors with the purchase of 2 4-Plex multi unit buildings. Borrower collateralized a 2 unit and brought money to closing.

Property Location: Chicago, IL Property Value: $400,000 Loan Amount: $170,000 Interest Rate: 12% Term: 24 months We were able to provide a short term bridge loan to help assist Canadian investors with purchase & renovation of this beautiful 8 unit.

Property Location: Evansville IN Property Value: $59,000 and $45,000 Loan Amount: $40,000 Interest Rate: 12% Term: 24 months

Property Location: chippewa Falls, WI Property Value: $100,000+ Loan Amount: $40,000 Interest Rate: 12% Term: 24 Months