Scottsdale, Arizona Hard Money Refinance Loan

Lien Position: 2nd

Loan Amount: $375,000

Combined Loan to Value: 26%

Term: 12 months with no prepayment penalty

Details: This hard money refinance loan in Scottsdale, Arizona was provided by Source Capital Funding quickly for this client. The borrower needed quick financing to make major upgrades to this investment property to sell for top dollar in the future. With the substantial equity remaining, we were able to finance in a second trust deed position.