• Loan Amount * $725,000
  • Rate * 9.49% 
  • ReProp’s Value * $1,150,000
  • Term * 24 Months, Interest Only
  • Lien Position * First

Our borrower had a maturing loan on the property. He plans to sell the apartment building but first needed to make some cosmetic upgrades.  He negotiated a reduced minimum interest period because he was unsure how quickly the unit would sell and he did not want to pay a penalty at payoff. When our borrower knows just what they need, we can usually adjust our terms to make their conditions work. 

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