Gap Lending Opportunity - San Antonio
We are looking for a gap funding lender to cover 5% of the loan, or $17,075.00, with the option to increase up to 10% or $34,150.00. We expect payoff to be 5 years or sooner.
Address: 212 FM3351 South, Boerne, TX 78006, north of San Antonio, TX
- • Purpose: Payoff final balloon on $1,500,000.00 loan
- • Owner Occupied: No
- • ARV: $2,000,000.00
- • New Loan: $341,500.00
- • CLTV: 36%
- • ICM Funds: $324,425.00
- • Gap Lender: $17,075.00
- • Interest Rate: 12%
- • Terms: 360 months
- • Balloon: 60 months
- • Default Rate: 16.99%
PM Me for more info...
Offering