- Loan Amount: $905,000.00
- Rate: 8.49%
- Appraisal Value: $1,575,000.00
- Term: 24 months
- Lien Position: First
Our borrower is a successful business man who specializes in buying, remodeling and flipping homes. The borrower will hire an architect and designer to maximize the potential of the property. Once completed, the house is expected to be worth in the range of $3MM