Continental loans jasper tn12/9/2023 This amount would be reduced by any renovation costs paid by the borrow. After subtracting the $21,038 in interest expenses ($1,169 times 18 months), the $6,375 origination fee, the $127,500 principle on the loan, and the $22,500 he contributed to the closing, he will make a gross profit of $25,088 ($202,500 price minus $177,413 in costs). At the end of the loan, he sells the rehabed house for $202,500. The monthly interest-only payments will then be $1,169 to the lender. Check Continental Loan Inc Of Tn in Jasper, TN, Main Street on Cylex and find (423) 942-0. In addition to paying the $6,375 origination fee, Norman will also fund $22,500 of the purchase with his own money, or 15% of the sales price. The note is interest-only, with monthly payments, and is for 18 months at 11% interest with 5 origination points paid at the closing. For more than 60 years, Continental Loans has proudly provided easy and safe installment loans to our community members. This means that Norman will bring 15% of the sales price to the closing and the principle will be $127,500 on the loan. Continental Loans 128 E Washington St Paris TN 38242 (731) 644-7638 Claim this business (731) 644-7638 Website More Directions Advertisement Continental Loans exists to provide fast financial solutions when you need them most. Jasper Loan Agency Cash Express Cash Express ( 0 Reviews ) 3397 Main St Jasper, TN 37347 (423) 942-5538 Claim Your Listing Listing Incorrect CALL DIRECTIONS REVIEWS Chamber Rating 0.0 - (0 reviews) 0 0 0 0 0 About Cash Express Cash Express is located at 3397 Main St in Jasper, Tennessee 37347. The loan-to-value (LTV) on the loan is 85%. Since he does not have enough cash available to acquire the $150,000 property outright, he decides to take out a hard money bridge loan from North Star Funding Corporation. Continental Loans 182 University Plz Unit 9 Martin TN 38237-2715 Branch ID: 1279 (731) 588-5112 Directions Hours Schedule Tax Appointment Continue to Loan Application Not ready to submit a full online loan application Complete this short form and our local branch will reach out to you. Norman finds a townhome in Jasper, TN to rehab and resell.
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