Address: Orlando, FL 32827
ARV: $900,000 (As-is)
Loan Amount: $540,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 45%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
October 11, 2023
We recently approved a loan of $540,000 to a business owner in Orlando, Florida. The loan was secured by a single-family home worth $900,000 that was owned free and clear of any mortgages. The property was in excellent condition, with four bedrooms and three bathrooms, and a spacious area of around 3,200 square feet. We received a referral from a trusted local broker who recommended the borrower. The borrower intends to continue occupying the property and repay the loan over a 12-month term. This equity cash-out loan was funded in October 2023.
