- Loan Amount * $216,000.00
- Rate * 8.50%
- Appraisal Value * $360,000.00
- Term * 12 months
- Lien Position * First
This was a returning borrower who was in contract to purchase a SFR in Martinez. Our borrower is very experienced in real estate and plans to remodel and sell the property for a profit. Once complete, the house should be worth north of $500,000.