- Loan Amount: * $70,000.00
- Rate: * 11.00%
- Appraisal Value: * $120,000
- Term: * 12 months, IO
- Lien Position: * First
Our Borrower was in contract to purchase an investment property. Borrower needed a quick close and will pay off the loan thru vacation rental cash flow or refinancing conventionally after certain repairs and updates are made.