Property Location: Birmingham, AL
Property: Value: 80,000
Loan Amount: $35,000
Interest Rate: 12%
Term: 2 Years
The borrower purchased and started renovation out of pocket. After being worked over by another lender, we were able to offer a rehab loan to help them finish the renovation. They plan to rent this home out, so we gave them a 2 year term for proper seasoning.
