Invest In
874 E Mulberry St
Lancaster, OH 43130
Loan Amount: $78.5k Second Lien
First Lien: $88k
BPO: $222k
Collateral: $222k
Exit Plan: Rent and Refinance
Loan Maturity: 10/01/2025
Interest: 10% APY $10k & over 8% under $10k
Amount Available: $78.5k

This loan was given in two parts. This particular part is for the rehab as a second lien on this property. VCS also holds the first lien for the purchase. Investors who invest $10k and over will receive 10% annualized interest. Investors who invest under $10k will receive 8% annualized interest. Interest-only payments are disbursed monthly. Investors can choose to receive a full principal payout at loan payoff or roll their principal into another loan.
$78,500 is available for investment on this note. You can purchase all or part of it. A minimum of $5k is accepted.