- Loan Amount * $287,000
- Collateral Valuation: * $445,000
- Term * 12 months, First Lien, IO
- Rate * 9.89%
No credit, no problem. Our borrowers owned a lot and had plans for residential construction. They needed our help to provide the construction loan while repairing their credit with the help of a credit repair company. It is expected they will be able to refinance concurrent with the completion of construction.