Loan Type:
Property Type:
LTV:
Location:
Loan Amount:
Rate:
Term:
Prepayment Penalty:
Private Money Loan Refinance
Bed and Breakfast Property
55%
Bodega Bay, CA
$520,000
8.5%
3 year
9 months interest prepaid in escrow
Scenario: The borrower needed the funds to pay off a seller carry back 1st that had become due and needed working capital for their business.