Phoenix, Arizona Hard Money Refinance Loan

Lien Position: 2nd

Loan Amount: $100,000

Combined Loan to Value: 55%

Term: 18 months with no prepayment penalty

Details: This property had a small first lien, and the borrower utilized the equity to make repairs to other investment properties they owned. Source Capital Funding successfully completed the loan with this client in a matter of days on a hard money refinance loan in Phoenix, Arizona.