• Loan Amount: $100,000
• Rate: 6.99%
• Appraisal Value: $ 400,000
• Term: 36 months
• Lien Position: First

Borrower needed to close this escrow quickly, which was largely a cash transaction. The property was previously purchased, remodeled and quicklyresold. Our fast turn-around and terms were well appreciated by the borrower and all parties involved. Step rate interest will adjust to 7.99% after the first 12 months.