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Originally published on September 1, 2026
Repeat borrower looking to purchase, renovate, and sell this property located in Spring, TX. An ARV of $484K gives the investor a healthy ROI for the project. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement for the deal. Borrower opted for a 12-month loan duration. Total loan amount 88% LTV & 91% LTC.