Meehan Ave, Philadelphia, PA 19119

  • 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.

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