$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
Estate Settlement
Loan Amount: $275,000.00
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
Cash-Out Refinance
Loan Amount: $260,000.00
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
Cash-Out Refinance
Loan Amount: $255,000.00
Why: Reconcile Outstanding Debt
Our Role: Direct Lender
Tower Fund Capital acted as Direct Lender on a Cash-Out Refinance Loan in the amount of $255,000. The loan is secured by a 1 Family Property Located in Queens, NY. The borrower needed the capital to reconcile outstanding debt.
Purchase
Loan Amount: $253,500.00
Purpose: The borrower used cash-out to fund another investment acquisition
Exit strategy: Refinance with a mainstream lender at the prevailing rate after 12 months
Cash-Out Refinance
Loan Amount: $240,500.00
Purpose: The borrower required funds to reconcile outstanding debt
Exit strategy: To refinance with a conventional lender once stabilized
Purchase
Loan Amount: $243,000.00
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
Rent and Hold
Loan Amount: $292,500.00
Purpose: The borrower is running an Airbnb and needed funds to clear up personal liabilities
Fix and Flip
Loan Amount: $220,000.00
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
Refinance Inheritance
Loan Amount: $211,000.00
Purpose: The borrower had inherited the property and needed money to renovate
Exit Strategy: Complete renovation and rent out for income
Notes
