FCTD sees these types of scenarios every month where borrowers need to use a property owned, free and clear, as collateral to quickly get cash-out in order to secure another investment. The nice thing about private money financing is that the loans can close in as fast as 48 hours to one week if need be.
Office Condominium Private Money Loan Terms:
- $180,000 Loan Amount
- 8.49% Interest-Only
- 36-Month Term
- No Prepayment Penalty