Before & After Photos
- Transaction closed: September 11th, 2015
- Total amount funded: $100,000
- Appraised value: $191,000
- Loan To Value (LTV): 52.3%
- Loan Servicer: FCI Lender Services, Inc.
- Collateral: 1st lien position both properties
- Loan Terms: Interest Only for 6 Month Term
- Borrower is US Business entity along with a personal guarantee
Borrower owns and operates a real estate brokerage firm where he works with real estate investors to help find properties to rehab as well as help them sell properties after they are repaired. The property was purchased using the borrower’s cash and the loan from Legacy Capital was used to rehab property as you can see from before and after photos above.