- Loan Amount * $650,000
- Rate * 9.49%
- Appraised Value * $915,000
- Term * 6 Months, Interest Only
- Lien Position * First
A repeat borrower was purchasing another property that ReProp Financial was financing and the borrower owned the subject property debt free. We were able to make a cash out loan that the borrower used on the other purchase and a plan to pay off this loan when the home sold.
