• Loan Amount: $195,000
• Rate: 8.99%
• Appraisal Value: $ 425,000
• Term: 36 months
• Lien Position: First

Our borrower needed to take advantage of a short sale on a residential investment property. The close needed to happen fast and we were able to get the borrower the funds for purchase in days. This property did not qualify for our Best for Best program because of the location, but priced at ‘Good for Good’ rates, the borrower was happy with his 3 year interest-only loan with no prepayment penalty.