• Loan Amount * $110,000
• Rate * 8.49%
• Appraised Value * $400,000
• Term * 12 Months, Interest Only
• Lien Position * First

Our borrower inherited a high-end house in need of renovations with other relatives. We were able to make our borrower a loan secured by a rental property he owned to provide the necessary capital for the renovation. Our loan will be paid off when the high-end home is sold.