Recently Funded Loans

Purpose: The borrower is out of state and wanted to pull available equity

Purpose: Borrower needed to take the property out of an estate, pay off all liabilities associated with the property and estate, as well as personal tax liabilities

Purpose: The borrower used funds to cash out and improve the property to hold for an income stream

Exit Strategy: Renovate and refinance with a mainstream lender at the prevailing rate

Purpose: The borrower is a professional investor who had purchased this property at a deep discount and needed a fast closing

Exit Strategy: Renovate, lease, and then refinance with a mainstream lender at the prevailing rate

Purpose: The borrower needed funds to improve the property and hold for an income stream

Exit strategy: Refinance with a conventional lender after 1 year

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

Purpose: The borrower had inherited the property and needed money to renovate

Exit Strategy: Complete renovation and rent out for income

Purpose: The borrower used the funds for another investment

Exit Strategy: Refinance with a mainstream lender at the prevailing rate

Purpose: The borrower needed to withdraw cash to pay off high debt and clean up credit

Exit Strategy: Refinance with a mainstream lender at the prevailing rate

Purpose: The borrower used the funds to pay-off Suffolk County encumbrance and placed an asset in good standing

Exit strategy: Refinance with a conventional lender after 1 year

Purpose: The borrower is a professional realtor and had bought property to rebuild a new home

Exit strategy: Complete construction and sell the property for a profit