Real estate blog entries tagged with private loan by Craig Grella (CreativeREO)

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Home : Blogs : Craig Grella : CreativeREO : Tag "private loan"

private loan: $108,000 Purchase and Rehab Loan - 01/18/11 03:38 PM

We recently put together a one year loan of $108,000 which covered a large portion of the purchase price and all of the client’s construction costs on this single family home.
We also included a one year interest reserve, which will be credited back to the borrower if the loan is paid off on time.
On this deal, the client had to bring only $25,000 to the table, $20,000 of which comes back to him at deal end through the interest reserve. In the end, the deal will end up costing the investor only $5,000, and the expected retail price upon … (2 comments)

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Craig Grella

Nashville, TN

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CreativeREO

Address: Nashville, TN, 37214

Office Phone: (615) 657-9103

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