CASHOUT REFINANCE ON DISPENSARY IN MARICOPA COUNTY, AZ
Loan Amount: * $1,138,250 Rate: * 9.25% Appraisal Value: * $1,855,000 Term: * 15 year, fully amortizing Lien Position: * First Our borrower owned this property free and clear. The request was a cash out to purchase another medical cannabis dispensary. Since bank...
Fix and Flip in Phoenix, AZ
Loan Amount: $169,000 Rate: 8.99% Appraisal Value: $260,000 Term: 9 months Lien Position: First Our borrower is a contractor who does fix and flips. He was in the process of selling another fix and flip when this one came on the market. We were able to finance the...
Diamond in the Rough on Montebello Ave
Loan Amount: $315,000 1st / $220,500 2nd Rate: 8.25% 1st / 12.75% 2nd Appraisal Value: $645,000 Term: 6 months Lien Position: First This house was purchased by experienced high-end real estate investors. The home is located in a golf course community. Our borrowers...
Dated Home on the Golf Course
Loan Amount: $337,500 1st / $135,000 2nd Rate: 9.99% 1st / 12.00% 2nd Appraisal Value: $675,000 Term: 6 months Lien Position: First This is another high end fix and flip house our borrowers purchased in August. As you can see in the pictures, this is a great home that...
