- Loan Amount: $260,000
- Rate: 8.99%
- Appraisal Value: $530,000
- Term: 60 months
- Lien Position: First
The borrower had multiple private money loans securing 7 properties and was refinancing every 12 to 24 months. We made a 60 month loan secured by all 7 with a partial release agreement as the properties sell.