Address: Orlando, FL 32827
ARV: $869,400 (As-is)
Loan Amount: $450,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV: 52%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
October 03, 2023
We recently facilitated a first-lien position equity cash-out loan of $450,000 for a single-family vacation property in Orlando, Florida. The property was valued at $869,400, resulting in a 52% loan-to-value ratio. The borrower needed a capital injection into their business for a new opportunity, and we were able to help them by providing the necessary funds within seven days. The loan term was 12 months, and the interest rate was 13%. This equity cash-out loan was funded in October of 2023.
