- Loan Amount * $75,000
- Rate * 11.49%
- Appraised Value * $350,000
- Term * 60 Months, Hybrid IO/Amortize
- Lien Position * First
Our borrower was looking for operating capital when a friend experienced in private money lending suggested he talk with us. We were able to make our borrower the requested loan and will be repaid on a fully amortized basis.