- Loan Amount: $150,000
- Rate: 7.50%
- Appraisal Value: $ 325,000
- Term: 36 months
- Lien Position: First
Loan request received on Thursday and loan funded the following Thursday! Borrowers pulled cash out of an investment property owned by their LLC, our collateral, to close escrow on another short- sale income property in the Bay Area. Step rate adjusts to 8.5% after 18 months.
