- Loan Amount * $300,000
- Rate * 8.99%
- Appraised Value * $615,000
- Term * 12 months, IO
- Lien Position * First
Our Borrower purchased this home a couple years ago. The Borrower invested a lot of money into property improvements and wanted to pull some cash out while the home was on the market. We made a 12-month loan to be paid off from the sale of the home.
