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...
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...
Gated Community Fix ‘n Flip
Loan Amount: $318,000 1st / $53,000 2nd Rate: 9.99% 1st / 12.00% 2nd Appraisal Value: $530,000 Term: 6 months Lien Position: First These borrowers are experienced fix and flip investors who specialize in Maricopa County high end homes. They search out well priced,...
