- Loan Amount: * $60,000.00
- Rate: * 10.00%
- Appraisal Value: * $ 125,000
- Term: * 10 months, IO
- Lien Position: * First
Our Borrowers had private financing that fell thru at the last minute. We had 7 days to close the purchase. The borrowers will refinance with a local bank or pay off the loan with cash flow from their business.
