• Loan Amount: $450,000
  • Rate: 7.99%
  • Appraisal Value: $ 845,000
  • Term: 24 months
  • Lien Position: First

This borrower exercised the option to purchase this property at the right time. The broker who referred us the deal placed a small second behind our lien. After 12 months the rate steps up to 8.99%.