|Lender Name||Property Types||Loan Types||Amount||Max. LTV||Rates|
|Kent R.||Commercial and Residential||Purchase, Refinance, Bridge Loan, Rehab, Construction||$500K - $3M||70%||7.99 - 10.99%|
|Sohail Z.||Commercial and Residential||Acquisition, Equity Cash Out, Refi, Construction, Rehab, Notes||$1M - $10M||65%||7.0 - 9.25%|
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This 43 unit apartment building is located in a terrific location of Salt Lake City commonly known as the Sugar House neighborhood. After the death of a business partner, the borrower needed to reestablish some seasoning as sole owner; proir to traditional financing. The private lender structured the cash-out refi loan with some additional funds to take care of maintenance items, qualifying the property for the long term refinance. LTV 59%.