Property Location: Georgetown, SC Property Value: $67,000 Loan Amount: $60,000 Loan Term: 24 Months Interest Rate: 12% Client refinanced the funds to rehab the property. Client promised another property as collateral.
Property Location: Dalton, NHProperty Value: $90,000 Loan Amount: $45,000 Loan Term: 24 Months Interest Rate: 12% This borrower needed the funds to complete improvements on the already owned commercial property.
Property Location: Springfield, MAProperty Value: $130,000 Loan Amount: $50,000 Loan Term: 12 Months Interest Rate: 12% This borrower needed the funds to complete improvements, before putting the property on the market.
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.
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.
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.
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.
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.
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.
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.
4,976 SQ FT – Commercial Property Refinance Loan Read More »
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