• 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.

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