• Loan Amount: $485,000
  • Rate: 6.99%
  • Appraisal Value: $970,000
  • Term: 12 months
  • Lien Position: First

Borrower owns a real estate development and management company and just completed an all-cash acquisition of the subject property. Loan proceeds will be used to complete the rehab of the property which will then be re-sold. Not a Best for Best loan, but our borrower was very pleased with a 6.99% rate.

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