- Loan Amount * $850,000
- Rate * 10.25%
- Appraised Value * $1,610,000
- Term * 36 Months, Interest Only
- Lien Position * First
Our return borrower with a reliable repayment history has been in a lease-option with the seller on this 10,000 square foot home on 20 acres. A 2nd lien on bordering additional 130 aces is a safety-buffer. ReProp financed the purchase at 53% LTV. Our borrower plans to exit with a bank refinance.