Rudy Muniz represented the hard money lender on this project. The borrower was qualified and approved for a $330,000.00 loan. The borrower purchased the property for $360,000.00 with intentions to flip it and resale in the mid-high $400,000s. Rudy Muniz’s client received 9% interest per annum on their money. Their monthly interest checks received were about $2,800 a month. This project was completed and sold for $480,000.00 in 4 months. Rudy’s clients have received their initial investment back and all interest. This loan is closed and has been paid in full.
