Address: The Villages, FL 32162
ARV: $1,000,000 (As-is)
Loan Amount: $320,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 32%
Borrower Profile: Investor
Loan Purpose: Cash Out
July 17, 2023
During a recent call with a brokerwe know well, we were notified of a client who required a loan of $320,000 for a fully-owned propertyworth $1,000,000. While checking Zillow during the call, we approved the loan.The client is a business owner in the thoroughbred horseindustry who required financial support until a few horses sell in five months. We used the unencumbered property as collateral andprovided the loan to the business.
