Address: Sarasota, FL 34240
ARV: $1,200,000 (As-is)
Loan Amount: $380,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 31%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
October 8, 2023
We are pleased to announce that we recently facilitated a $380,000 1st lien position equity cash-out loan for a single-family primary residence home in Sarasota, Florida. The property, valued at $1,200,000 on Zillow, resulted in a 38% loan-to-value ratio. Our borrower approached us with a promising business opportunity, and we were able to help them by providing the necessary funds for them to purchase a new investment property quickly.
