Rudy Muniz represented the hard money lender on this project. The borrower purchased this property for $465000.00 with intention to flip the property. Rudy’s clients put a $425,000.00 first mortgage on the project. The clients received 10% annually on their money. The checks they received monthly were $3,700.00 a month. This loan took 5 months to close. The property sold for $568,000.00. The borrower has now sold the property and Rudy’s clients have been paid in full with principle and interest. If you are interested in lending or borrowing hard money contact Rudy Muniz today.
