Construction Loan - Detroit, MI

Location: Detroit, MI.
Borrower Profile: Repeat Client and Experienced Rehabber.
Work Description: Construction Loan.
Purchase Price: Client already owned the property.
Loan Amount: $30,000.
Loan Structure: 6 Months, Interest Only Payments.
Situation: Our client already owned this property and just needed some extra funds to finish the rehab. We were able to get this done quickly so that he could continue the project to get it back on the market.