• Loan Amount: $350,000
• Rate: 8.25%
• Appraisal Value: $700,000
• Term: 6 months
• Lien Position: First

The Borrower is a fix and flip real estate developer of high-end properties in Maricopa County. The properties are remodeled and placed on the market. We have closed a few transactions with this Developer, a testimony that this is a mutually beneficial relationship.