- Loan Amount: $200,000
- Rate: 10.00%
- Appraisal Value: $ 335,000
- Term: 24 months
- Lien Position: First
Maturing private money loans and an unsold property were not and ideal situation for our borrower. We worked with the existing lenders and restructured the debt. Our interest only loan will give the borrower additional time to market and sell the property.