40th Street Butler PA 16001

 

  • Total amount funded: $133,200
  • Appraised value: $222,000
  • 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

 

 

 

The borrower is a very active real estate investor across the state of Pennsylvania.  He has done deals in 58 of 67 counties inPennsylvania.  Some of his properties he wholesales to other real estate investors and some properties like this one he keeps to flip for himself and sells to an end buyer.  This is a repeat borrower for Legacy Capital.

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