Address: Davie, FL 33312
ARV: $350,000 (As-is)
Loan Amount: $170,000.00
Loan Structure: 36 Months Interest Only
Interest Rate: 12%
LTV 40%
Borrower Profile: Landlord
Work Description: Cash-Out
Loan Purpose: Business Capital
November 13, 2024
An investor inherited a rental property from a family member and was seeking capital for another investment opportunity. We offered our assistance and facilitated a cash-out refinance loan of $170,000 at a 12% interest rate, interest-only for 36 months. The loan had a 40% loan-to-value ratio and included a 6-month pre-payment penalty.
