- Loan Amount * $100,000
- Rate * 11.99%
- Appraised Value * $400,000
- Term * 12 Months, Interest Only
- Lien Position * First
Our return borrower bought the property from a friend in need, but the bank refused payments from the new borrower! The bank settled with our borrower and agreed to sell the property to her. We financed the purchase, and our borrower will make some minor repairs and refinance with a bank.