- Total amount funded: $63,000
- Appraised value: $105,000
- Loan To Value (LTV): 60%
- Loan Servicer: FCI Lender Services, Inc.
- Collateral: 1st lien position against property
- Loan Terms: Interest Only for 6 Month Term
- Borrower is US Business entity along with a personal guarantee
This property is already cash flowing with tenant who has been living in house and paying rent for over 12 months. Our borrower is a very active real estate investor who is using the funds to acquire new properties to fix, rehab and hold as rentals around the Philadelphia area.