Loan Type: Rehab loan
Location/Street Address, City, State: Hilo, Hawaii
Original Purchase Price: $70,000
Amount Borrower Spent on Rehab: $25,000
Final Sales Price: $148,500
Interest Rate: 12%
An island foreclosure in need of some TLC this house was a perfect candidate for a second home seeker. By using a hard
money loan from Private Money Utah for the purchase of this rehab property, the real estate investor was able to transform this ugly foreclosure into an island dream home.