- 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, dated homes with great floor plans. This is our 4th loan to these investors in the past 9 months, with two paid in full.