• Loan Amount: $200,000
• Rate: 7.99%
• Appraisal Value: $510,000
• Term: 6 months
• Lien Position: First

This property was purchased by the borrower, a developer, a few months ago and was completely renovated. The borrower owned it free and clear of encumbrances and needed a cash- out loan for additional investments. The property is currently listed on the MLS. ReProp funded this deal in a week!