Private Investor Case Studies#1 - 222 Kneeland Road, New haven, CT (short term lending)
• Private investor lent $135K from personal HELOC to finance 75% of purchase cost. • Loan secured by mortgage, deed, & property insurance. • Property was renovated and sold to first time homebuyer in 6 months • Interest earned by private investor was $8,100 #2 - Address withheld, New Haven, CT (long term lending)
• Private investor lent 85K from personal funds to finance 85% of purchase cost. • Investor agreed to a 3yr term and earns $650 / month interest. • Loan secured by mortgage, deed, & property insurance. • At end of term investor has choice of receiving balloon payment or extending term. #3 - Address withheld, New Haven, CT (long term lending)
• Private investor lent 65K from personal funds to finance 55% of purchase cost. • Investor agreed to a 7yr term and earns 3% interest. • Loan secured by mortgage, deed, & property insurance. • At end of term investor has choice of receiving balloon payment or extending term. |
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