Looking to raise $400,000 with a first lien position on a secured investment property appraised at $820,000. Interest paid monthly on a 12 month term. Balloon payment at end of 12 month term. Willing to pay 12.5% on the $400,000. Money will be used to rehab 3 properties and place for sale. Once properties are sold funds for sale of properties will pay back loan balloon with interest. Monthly interest payments of $4,166.67 for total interest payment of $50,000 over the 12 month term.
Ready to Ask For Funding for your company?
Post a Funding Request