Wednesday, November 21, 2012

Hard Money Loan #22 Getting Paid Off

I received word yesterday that Hard Money Loan #22 is scheduled to be paid off the first week of December. No details on the sale. In fact, it's been 1 year since the loan was made, so it's possible this is a refi and not a sale at all. The property was a triplex with renters in place who wanted to stay, so it's possible the buyer is going to keep it himself.

I'll also take this opportunity to take the interest I received from this loan and add it to the principal for my next one. Manual compounding, if you will..

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