$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
Cash-Out Refinance
Loan Amount: $446,225.00
Purpose: The borrower required funds to rehabilitate property from fire and lease property
Exit strategy: To refinance with a conventional lender once stabilized
Cash-Out Refinance
Loan Amount: $435,000.00
Purpose: The borrower required funds to renovate and lease property
Exit strategy: To refinance with a conventional lender once stabilized
Cash-Out Refinance
Loan Amount: $434,850.00
Purpose: The borrower used funds to buy out the partner
Exit strategy: Refinance with a streamline lender
Acquisition
Loan Amount: $422,500.00
Where: Charlotte, Port Charlotte, Florida
Why: Fix & Hold
Our Role: Direct Lender
Tower Fund Capital acted as a Direct Lender on an Acquisition Loan in the amount of $422,500. The loan is secured by a Single Family Property with a Value Add Opportunity located in Port Charlotte, FL. The borrower needed the funds to close on the property in a short time period.
Financial Restructure
Loan Amount: $422,500.00
Purpose: Borrower needed to renovate this property and allow for some breathing room to restructure personal finances
Exit Strategy: To renovate, remedy personal finances, and refinance with a mainstream lender
Purchase
Loan Amount: $420,000.00
Purpose: The borrower needed funds to purchase an additional investment property
Exit strategy: To close on new investment and refinance with a mainstream lender
Fix and Flip
Loan Amount: $400,000.00
Purpose: The borrower is a contractor and needed the money to renovate this property
Exit strategy: Renovate and flip for profit
Cash-Out Refinance
Loan Amount: $380,000.00
Purpose: The borrower used funds to fully renovate this property and realize higher income for future cash flow
Exit Strategy: Increase lease rate based on the new condition of rental units and refinance with a mainstream lender
Cash-Out Refinance
Loan Amount: $377,000.00
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
