• Loan Amount: $260,000
• Rate: 8.99%
• Appraisal Value: $530,000
• Term: 60 months
• Lien Position: First

The borrower had multiple private money loans securing 7 properties and was refinancing every 12 to 24 months.  We made a 60 month loan secured by all 7 with a partial release agreement as the properties sell.