• Loan Amount: $70,000
  • Rate: 8.75%
  • Appraisal Value: $120,000
  • Term: 12 months, IO
  • Lien Position: First

This is a repeat borrower who was purchasing a property that would not qualify for bank financing.  There are many opportunities with the property; either rehabbing the existing structure or demolishing and building multi-family on this large triple lot.

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