Initial $20k is flip loan at 10%
Loan Status : Coming Soon - 12 month and 10 Years Property Type: Manufactured Home CMV : $85,000.00 LTV : 88% Monthly payment : 10% - $166.67 (20K - Short Term)
New loan amount: $75,000
Interest Rate : 10% to 14% Term : 12 month to 10 Years (First right of refusal)
Lot 5 Note Sale - 10% Construction Loan convert to 14%
$95,000.00Price
20K 10% conversion note expires upon sale of property. Short term loan buyer has first right of refusal for 14% 10 year term!