Phoenix, Arizona Hard Money Refinance Loan

Lien Position: 1st

Loan Amount: $230,000

Loan to Value: 59%

Term: 12 months with no prepayment penalty

Details: Source Capital Funding funded a hard money refinance loan in Phoenix, Arizona secured by this investment property. The borrower had recently acquired the asset to add to their rental property portfolio and used the funds to make upgrades to command more rent from future tenants.