Address: Ft. Lauderdale, FL 33315
ARV: $492,200 (As-is)
Loan Amount: $282,500.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 58%
Borrower Profile: Foreign Investor
Work Description: Business Purpose
Loan Purpose: Cash-Out Refinance
April 19, 2024
A foreign national investor with 30 years of experience doing business in the US required immediate funding for a large purchase order, but needed more capital. We were able to help by refinancing his primary residence for $282,500 and closing the loan in just six days to meet his deadline. This was a significant achievement considering the short window timeframe given. The loan includes a 6-month pre-payment penalty, which gives him time to recover his business capital.
