We funded this deal in only 7 days from the date we received a request for a line of credit draw. We required only two pieces of paper from our borrower in order to fund. A line of credit draw request and a construction budget. That's it! We financed 90% of the purchase price and 95% of the construction. We were so pleased to inform our borrower that our appraiser disagreed with their after repair value. Our client estimated their after repair value at $365,000 but our appraiser assigned an after repair value of $400,000! We love to deliver great news!
| Purchase Price |
$200000 |
Loan Amount |
$251,250 |
Interest Rate |
7.49% |
| % of Purchase Financed |
90% |
% of Construction Financed |
95% |
% of ARV Financed |
75% |
| Property Type |
Single Family |
Investment Objective |
Fix/Flip to Retail |
Loan Product |
Fix/Flip Line of Credit |
