Purpose: To have access to working capital until home is sold.
• Property Value: 3rd Party Appraisal at $2 Million
• Size: 3 BD, 3 BA, 1900 sf
• Built in 1992
Terms:
• Loan Amount: $315 thousand
• CLTV: 42%
• Term: 12 months
• Interest Rate: 10.9%
• Source of Loan: Realtor referral