- Total amount funded: $264,000
- Appraised value: $440,000
- 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
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The borrower found this property in Elkins Park, PA by working with his real estate agent. The borrower is an electrician by trade and is on track to rehab 12 houses in 2016. This is a repeat borrower for Legacy Capital.