After Rehab Photos
Before Rehab Photos
Loan Summary
- Transaction closed: May 15th, 2015
- Total amount funded: $50,000
- Appraised value: $160,000
- Loan To Value (LTV): 31.25%
- Loan Servicer: FCI Lender Services, Inc.
- Collateral: 1st lien position against real estate
- Loan Terms: Interest Only for 6 Month Term
- Borrower is US Business entity along with a personal guarantee
Loan Story
Borrower owns and operates an architectural design firm as well as a construction management business. 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.