04/17/2025
The hard money loan the borrower currently has is one that we arranged for him a few years ago. It has reached its balloon date so we are starting all over with a fresh new loan. His payment history was flawless. Appraised Value: $400,000
Loan Amount: $240,000
Position:1st
Term: 36 months
Interest Rate: 11%
Prepayment Penalty: six months