Purchase Price: 3,400,000
Total Value of investment: 3,550,000
LoanType/Use of Proceeds: Bridge/Construction Loan
Loan Amount: 1,430,000
Rate %: 11%
Term: 18 months
Rate Type: Interest Only
Plan/Notes Related To The “Loan”: Borrower was turned down by several conventional lenders before calling us. We provided an immediate over the phone approval and successfully funded their loan within 14 days of receipt of their minimal paperwork loan application.