• Loan Amount: * $292,500.00
  • Rate: * 9.00%
  • Appraisal Value: * $ 585,000
  • Term: * 18 months, IO
  • Lien Position: First

Our borrowers had been in escrow for a while trying for conventional financing. Time was running out and they needed a bridge loan to close the purchase and rehab the property. The Borrowers will either sell for a profit and lease the building and refinance conventionally.

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