Showing posts with label small balance loans possible for borrowers and lenders. Show all posts
Showing posts with label small balance loans possible for borrowers and lenders. Show all posts

Wednesday, May 6, 2009

A little patience pays off...

I am happy to say a private investor stepped up to take the loan scenario that I posted previously. It is my second loan for this investor, who is giving White Knight another chance since the first loan he did with us over a year ago is panning out nicely. He agreed to loan the borrower approx 80K (53% LTV) at 13 % interest and two points, for two years. He is not requiring an appraisal. If you want to earn similar returns on your cash, contact me for a referral and lets get going!