• Loan Amount: $730,000
• Rate: 6.99%/7.99%
• Appraisal Value: $1,265,000
• Term: 24 months
• Lien Position: First

The Borrower purchased this home a year ago for $800K. After some extensive upgrading, he was ready to refinance out of the high interest rate he was currently in. With a new appraisal to support the large increase in value property and solid Borrower financials, we were able to bring the note rate down substantially. This is a well collateralized asset for us and a very affordable loan for our borrower, a win-win.