- Loan Amount * $110,000
- Rate * 9.99%
- ReProp’s Value * $340,000
- Term * 6 Months, Interest Only
- Lien Position * First
Our borrower had a loan that encumbered multiple parcels. He was in contract to sell one and requested a partial release. His lender denied the request and requested full payoff of the loan. He came to us requesting a refi with a partial release clause and we were able to meet that request.