• Loan Amount: $485,000
• Rate: 6.99%
• Appraisal Value: $970,000
• Term: 12 months
• Lien Position: First

Borrower owns a real estate development and management company and just completed an all-cash acquisition of the subject property. Loan proceeds will be used to complete the rehab of the property which will then be re-sold. Not a Best for Best loan, but our borrower was very pleased with a 6.99% rate.