- Loan Amount: $470,000
- Rate: 7.99%
- Appraisal Value: $ 970,000
- Term: 24 months
- Lien Position: First
These out-of-state borrowers had an accepted offer on this newly renovated investment property in East Bay and, at the pace of conventional financing, time was running out to close. Our 2 year loan terms, 7.99/8.99 step rate, will give them time to build rental history and secure conventional re-financing.
