Funding Specifics

6 Unit Building

Property City: San Rafael

Loan Amount: $1,000,000

Lien Position: 2nd

Pay Rate: 11%

Loan Term: 12 weeks

LTV: 64.5%

Investment Details

Multi Family Building currently vacant, loan proceeds will be going to remodel the building. Property is in a great location and has "great bones". Once the remodel is completed borrower will seek conventional financing.

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