Gap Lending Opportunity - Riverside, CA
We are looking for a gap funding lender to cover 5% of the loan, or $8,000.00, with the option to increase up to 10% or $16,000.00. We expect payoff to be 5 years or sooner.
Address: 5660 Camino Real, Riverside, CA 92509
- • Rehab Loan to finish construction
- • Owner Occupied: No
- • ARV: $450,000.00
- • New Loan: $160,000.00
- • CLTV: 36%
- • ICM Funds: $152,000.00
- • Gap Lender: $8,000.00
- • Interest Rate: 12%
- • Terms: 480 months
- • Balloon: 60 months
- • Default Rate: 14.99%
PM Me for more info...
Offering