$400,000 Investment Property Loan
Phoenix, Arizona
Purchase Money Loan for an Investment Property
$400,000
- DMFI, L.L.C. loan to purchase a 2,722 square foot home in the highly expanding Phoenix of Golden Groves located near Restaurant Row at 7th Street and Maryland
- Borrower needed funding to purchase an investment property he had under a lease option as he renovated the property
- Loan based on the market value of the home upon completed renovation which allowed the borrower to purchase the home and be reimbursed for much of his renovation costs
- 12 month loan term for purchase/renovation costs with interest only payments and no prepayment penalty