• Loan Amount * $250,000
  • Rate * 9.75%
  • Appraised Value * $750,000
  • Term * 6 Months, Interest Only
  • Lien Position * First

Our return borrower was deep into a remodel with many cost overruns. Due to the ample equity in the property, we were able to make the borrower a loan to provide enough funds to complete the remodel. The exit is bank financing.

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