Loan Type: Property Type: LTV: Location: Loan Amount: Rate: Term Prepayment Penalty:
Private Money Loan Refinance Single Family Residential Estate Building Site 54% Healdsburg, CA $115,000.00 9% 3 years None |
Scenario:
Borrowers were “A” credit but could not qualify for a “Land Loan” due to their Banks’s underwriting criteria. Loan was to give borrowers “Cash” for funds to build their “Dream Home”.