The borrower is using the funds to renovate the this investment property. Borrower intends to payoff the mortgage via sale of the subject property or refinance through conventional debt.
loan overview
$220,000
loan priority
1st Mortgage
loan type
Purchase
loan to value (LTV)
49%
appraisal value
$450,000
interest rate %
Sub 10%
term length (months)
24 Months
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