Our borrower recently purchased a property in Manhasset, NY for rehab and expansion. With the ability to use the equity in the property to complete this transaction, our client trusted our fast, efficient and informative process to get their loan funded!
The Property
- Located in Manhasset, NY
- Single Family Residence
- 4 Bedrooms, 3 Bathroom
The Loan
- Loan Type: Bridge – Fix & Flip w/ Expansion
- Loan Amount: $609,000
- LTC: 45%
- Interest Rate: 10.5%
- Length of Loan: 12 Months