Refinance

2,583 SQ FT – Commercial Refinance

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.  

4,558 SQ FT – Commercial Building Refi

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.

2,800 SQ FT – SFR Fix ‘N Flip

Property Location: Saginaw, MI Property Value: $130,000 Loan Amount: $65,0000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks Borrower purchased the property, free and clear, needed funds to make minor renovations before putting the house on the market for sale.

3,400 SQ FT – Multi-Unit Construction Loan

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.

1,655 SQ FT – Cash-Out Refinance

Property Location: Columbus, OH Property Value: $145,000 Loan Amount: $50,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks This borrower needed the funds to complete minor rehab on the property, then the borrower plans to try and sell the property to pay us off.

2,804 SQ FT – Single Family Home Refinance

Property Location: Saginaw, MI Property Value: $130,000 Loan Amount: $65,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks This borrower needed cash to complete some minor work on the property before listing it for sale, the property was free and clear.

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.

1,188 SQ FT – Commercial Refinance

Property Location: Evansville, IN Property Value: $50,000 Loan Amount: $23,000 Loan Term: 12 Months Interest Rate: 12% This repeat borrower needed funds to purchase another property to flip, he pledged this free and clear property as collateral.

2,500 SQ FT – Cash-Out Refinance

Property Location: Ozawkie, KS Property Value (After Completion): $160,000 Loan Amount: $75,000 Loan Term: 18 Months Interest Rate: 12% Broker Commission: 3 Points This borrower needed funds to complete the remaining work on this new build. They plan to flip the house once it’s completed and pay us off.

3,527 SQ FT – Cash-Out Refinance

Property Location: Jacksonville, FL Property Value: $220,000 Loan Amount: $90,000 Loan Term: 12 months Interest Rate: 12% Broker Commission: 3 Points This borrower needed cash for other investment property purchases, he pledged this free and clear property to obtain funds.