1031 Exchange for Investment Property with acreage
Loan Amount: $100,000 Rate: 8.49% Appraisal Value: $375,000 Term: 12 months Lien Position: First This was another borrower who was under a tight deadline to close before the 1031 deadline was reached. The loan request was received on a Thursday and the loan funded the...
2nd lien on our existing 1st
Loan Amount: $225,000.00 Rate: 11.00% Appraisal Value: $525,000.00 & $900,000.00 Term: 18 months Lien Position: Second The rare instance that we made a second lien loan is when we have the first. In this case, our borrower needed $225,000 and had ample equity,...
Thousand Oaks Quick Cash-out
Loan Amount: $300,000 Rate: 7.99% Appraisal Value: $672,000 Term: 12 months Lien Position: First Our borrower purchased this investment property with cash. Like many of our investors, cash offers are used to get more favorable purchases. We were able to cash him out...