• Loan Amount: $169,000
• Rate: 8.99%
• Appraisal Value: $260,000
• Term: 9 months
• Lien Position: First

Our borrower is a contractor who does fix and flips.  He was in the process of selling another fix and flip when this one came on the market.  We were able to finance the purchase while he continues selling the other property and begins the rehab on this one.