Finishing Rehab on Property for sale
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 24% |
| Lender Rate: | 12% | Borrower: | MNRehabber |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-05-23 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| May 24, 2008 | Current |
| May 27, 2011 | Payoff in progress |
| Jun 03, 2011 | Paid |
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Purpose of loan: This loan will be used to? Finish the construction on a property I currently own. I owe $127,000 on a first mortgage, I need $20,000 to finish the construction on property. Home will be listed for $199,900. The home is located in a great area of Minneapolis, MN My financial situation: I am a good candidate for this loan because? I have been a professional rehabber for the last 7 years full time. I have 10 properties as I write this. I have never lost money on a project. I have an excellent credit rating. |
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