LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Durham, North Carolina |
Population | 278,993 |
Map Coordinates | 35.98°N 78.90°W |
Median Home Price | $253,500 |
Housing Units Owner Occupied | 59,179 |
Housing Units Renter Occupied | 55,547 |
Hard Money Loan Volume | $192,337,774.20 |
Rental Property Loan Volume | $236,575,462.27 |
Bridge Loan Volume | $67,318,220.97 |
Fix & Flip Loan Volume | $146,176,708.39 |