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04-20-2021, 01:56 PM #1
- Join Date
- Jun 2018
- Posts
- 49
Looking for a collateral type loan with best rates
I have a 600k deal, property value is 2.5M that is free and clear. He will put his property as collateral. I got an I/O approval from WBL @ 2.5% per month. Guy has excellent credit. He also does about 100K in deposits a month. Any other options?
The property is located in MI. It's an investment property. The guy is a builder. He needs the money for 6-12 months to flip the project. Property is vacantLast edited by SuperCloser; 04-20-2021 at 02:15 PM.
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