Deal Details
Private Loan Type
Purchase
Approx. Funding Date
09/19/2019
Property Type
Single Family Residence
Property City
Roy
Property State
WA
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Sale
Deal Summary
ARCH Loans, a private lender, funded a $136,000 1st lien position hard money loan for the purchase of a single-family residence in Roy, WA. This property has a multi-acre lot and needed serious maintenance. After fixing the property, the single-family home will be sold for around double the purchase price. This was the third acquisition financed by ARCH Loans for this Borrower. Thanks to the flexibility of ARCH’s terms and no pre-payment penalties, the borrower is allowed more freedom to work towards ARCH Gold Status rates. This SFR private money loan was funded in September 2019