Address: Land O’ Lakes, FL 34638
ARV: $302,500 (As-is)
Loan Amount: $130,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 43%
Borrower Profile: Experienced Investor
Work Description: Remodel
Loan Purpose: Cash Out
January 14, 2025
The sponsor, who owns the property outright, has initiated contact to discuss her new business venture that requires additional working capital. Consequently, we have proposed a cash-out refinance on an investment property currently rented at a rate of $1,700 per month. We are offering her a 12-month term with six months of guaranteed interest at an interest rate of 12%.
