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1 Family

Purpose: The real estate investor purchased this property for cash, renovated, and now needed to pull out equity to purchase another investment property

Exit strategy: To flip to another owner/investor for rental income

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2 Family

Purpose: The borrower is out of state and wanted to pull equity while restructuring her financial situation

Exit Strategy: Refinance and hold for income

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2 Family

Purpose: The borrower refinanced into a 2-year loan to pay off personal debt and restructure credit history

Exit strategy: Refinance with a streamline lender

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3 Family

Response: The borrower needed funds to consolidate high-interest debt

Exit Strategy:  Rent and hold, then refinance with a mainstream lender at the prevailing rate

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2 Family

Purpose: Borrower used funds to buy out partners and establish a new entity

Exit Strategy: Hold on to the property for rental income and refinance with a mainstream lender at the prevailing rate

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1 Family

Purpose: Borrower refinanced this property to restructure personal finances, fix credit & show 12 current mortgage payments

Exit Strategy: Establish a healthy financial position and refinance at the prevailing rate

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1 Family

Purpose: An investor and needed a purchase money loan

Exit strategy: To fix credit history and refinance with a conventional lender

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1 Family

Purpose: The borrower used funds to purchase an additional out-of-state investment property
Exit strategy: To close on new investment and refinance with a mainstream lender
04

1 Family

Purpose: The borrower is a seasoned investor using funds to rehab the property

Exit strategy: To renovate and sell the property for a profit

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1 Family

Purpose: The borrower is a seasoned investor using funds to rehab the property

Exit strategy: To renovate the property and sell it for a profit

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1 Family

Purpose: The borrower is running an Airbnb and needed funds to clear up personal liabilities

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1 Family

Purpose: The borrower is a seasoned investor using funds to rehab the property

Exit strategy: To renovate and sell for a profit

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