- Loan Amount * $100,000
- Rate * 9.00%
- Appraised Value * $320,000
- Term * 12 Months, Interest Only
- Lien Position * First
Our return borrower enjoys rehabbing and renting single family homes. The rehab was complete and owned outright. He needed funds for another rehab he was working on and asked for a 12 month bridge loan on the subject property, which we were able to finance.
