Four-plex Renovation
Loan Amount * $110,000 Rate * 9.99% ReProp’s Value * $350,000 Term * 12 Months, Interest Only Lien Position * First Our borrower recently purchased a four-plex in need an major renovation. We were able to make her a cash out refinance loan for the renovation work. We...
Renovation using real estate leverage
Loan Amount * $200,000 Rate * 8.5% ReProp’s Value * $600,000 Term * 24 Months, Interest Only Lien Position * First Our borrower needed capital for a fix and flip he was involved in with a partner. We made him a business purpose loan secured by his primary residence....
Developer refinance improves flexibility in terms
Loan Amount * $110,000 Rate * 9.99% ReProp’s Value * $340,000 Term * 6 Months, Interest Only Lien Position * First Our borrower had a loan that encumbered multiple parcels. He was in contract to sell one and requested a partial release. His lender denied the request...
Contractor looking for a quick close
Loan Amount * $300,000 Rate * 9.50% ReProp’s Value * $590,000 Term * 6 Months, Interest Only Lien Position * First Our repeat borrower was on a time crunch to get permits pulled before a new permit fee was enacted. He owned a newly constructed house with a recently...
