10/4/2023 0 Comments Continental loans jasper tn![]() This amount would be reduced by any renovation costs paid by the borrow. New York, North Carolina, Pennsylvania, San Francisco, Seoul, Shanghai, Singapore, Switzerland, Sydney, Tennessee, Tokyo, Toronto. 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. 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. Auto Title Loans Bad Credit Personal Loans Car Title Loans Cash Store Tax Return Preparation. SNM 6,065 6,065 100 91 44 0 N REPUBLIC BANCORP GERMAN AMER BK 208 37640 JASPER. See contacts, phone numbers, directions, hours and more for all business categories in Jasper, TN. The note is interest-only, with monthly payments, and is for 18 months at 11% interest with 5 origination points paid at the closing. Results 1 - 250 listings related to Jasper, TN on. ![]() Search for other Loans in Jasper on The Real Yellow Pages. Continental Loans can be contacted via phone at (931) 296-5008 for pricing, hours and directions. This means that Norman will bring 15% of the sales price to the closing and the principle will be $127,500 on the loan. Get reviews, hours, directions, coupons and more for Continental Loans at 3703 Main St, Jasper, TN 37347. Continental Loans Continental Loans is located at 115 N Court Sq in Waverly, Tennessee 37185. 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. Norman finds a townhome in Jasper, TN to rehab and resell.
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