Property Location: Fayetteville, NC Property Value: $82,000 Loan Amount: $20,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks Repeat borrower needed cash to debt consolidate, pledged a free and clear rental property as collateral on the loan.
1,276 SQ FT – SFR Cash-out Refinance Read More »
Property Location: Marion, IN Property Value: $450,000 Loan Amount: $90,000 Interest Rate: 12% Term: 24 Months Closed In: 2 Weeks Borrower needed funds to assist with the payoff of his 1st position mortgage lender.
51,520 SQ FT Commercial Building – Refinance Loan Read More »
Property Location: Cherryville, NC Property Value: $50,000 Loan Amount: $25,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 2 Weeks Borrower needed funds for his business ventures and pledged this free and clear rental property to obtain funds.
1,442 SQ FT – SFR – Cash-Out Refinance Read More »
Property Location: East St. Louis, IL Property Value: $50,000 Loan Amount: $20,000 Loan Term: 24 Months Interest Rate: 12% Closed In: 3 Weeks Repeat borrower needed funds to purchase another rental property, she pledged this free and clear multi-unit building as collateral.
3,536 SQ FT – Multi-Family Unit – Cash-Out Refinance Read More »
Property Location: Inkster, MI Property Value: $340,000 Loan Amount: $50,000 Loan Term: 24 Months Interest Rate: 13% Broker Commission: 4 Points The borrower needed funds for back taxes, he pledged this free and clear multi-unit commercial building as collateral to obtain said funds.
3,600 SQ FT – Multi-Unit Commercial Building – Cash-Out Refinance Read More »
Property Location: St. John, Virgin Islands Property Value (As-is): $475,000 Loan Amount: $65,000 Loan Term: 24 Months Interest Rate: 12% Broker Commission: 5 Points Closed In: 2 Weeks Borrower pledged his free and clear property to obtain funds to do some minor renovations, after the renovations the property is estimated to be worth $525,000.
1,277 SQ FT SFR Cash-Out Refinance Read More »
Property Location: Rocky Mount, NC Properties Combined Value: $77,000 Loan Amount: $38,000 Loan Term: 24 Months Interest Rate: 12% Broker Commission: 5 Points This borrower pledged two free and clear properties to obtain the funds necessary to do minor rehab, he plans to put both properties on the market for sale.
2 SFR’s – 2,642 SQ FT Combined – Cash-Out Refinance Read More »
Property Location: Utica, OH Property Value: $130,000 (after-repair) Loan Amount: $42,000 Loan Term: 12 Months Interest Rate: 12% Broker Comission: 3 Points Borrower needed funds to complete the rehab on this fix-n-flip. He plans to sell it and pay us off.
1,354 SQ FT – SFR Cash Out Refi Read More »
Property Location: Cleveland, OH Property Combined Value: $105,000 Loan Amount: $30,000 Loan Term: 24 Months Interest Rate: 13% Broker Comission: $1,000 Borrower pledged two free and clear buildings to obtain funds for rehab on one of the buildings.
5,298 SQ FT – Multi-Purpose Building Cash-Out Read More »
Property Location: Plainwell, MI Property Value: $215,000 Loan Amount: $70,000 Loan Term: 24 Months Interest Rate: 13% Broker Commission: 3 Points Borrower pledged free and clear property to obtain cash out for updates to the property and credit repair purposes.
4,796 SQ FT Mixed-Use Building Refinance Read More »
