Two Real Estate Closings
On January 6th, we closed a $430,000 refinance loan in Des Moines, WA on 5 non-warrantable condos.
On November 16th, we closed a $45,000 private money loan for an investor/realtor who collateralized 3 empty lots. She used the funds to pay off hard money loans on 2 of the lots, pay off back taxes and credit cards. The loan was at 7.25% interest with a 5 year term with 15 year amortization and no pre-payment penalties.