1st Position Mortgage on my rental property in Richmond, VA

[Zack Broaddus]

I am looking for a $35,000 loan secured against my rental property in Richmond, Virginia.  The terms would be 15 years at 7% interest, and you will be in 1st position.  The property is currently rented on a lease option for $650 per month with an option to buy for $65,000 in 18 months, so I would probably cash you out soon, if he exercises that option.  If not, I will continue to pay you for the term of the loan or you will seize my $65,000 asset for $35,000.  Contact me if you're interested and we can talk in more detail.