• Loan Amount: $300,000
  • Rate: 7.99% to 8.99% step rate
  • Appraisal Value: $1,300,000
  • Term: 24 months
  • Lien Position: First

A fast turnaround. The borrower needed to refinance the property and time was running out. This loan submission was received on a Thursday, and the loan was funded and recorded the following Tuesday. Truly successful teamwork thanks to our vendors!

The preliminary report was requested as a rush on Thursday evening and received the following dayÍž the appraisal inspection was scheduled on Saturday morning, and the report completed on Sunday. Two lien holders were contacted for rush demandsÍž loan documents were drafted over the weekend and sent to Escrow/Title for signing on Monday. The loan was funded the next day!