$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
Cash-Out Refinance
Loan Amount: $2,560,000.00
Purpose: Foreclosure bailout
Exit strategy: To refinance with a conventional lender once credit is repaired
Cash-Out Refinance
Loan Amount: $2,500,000.00
Purpose: The borrower used the funds for another investment
Exit strategy: To finalize and structure additional investment and then refinance with a mainstream lender at the prevailing rate
Cash-Out Refinance
Loan Amount: $2,400,000.00
Why: Bail Out Default
Our Role: Credit Line Facility Provide
Tower Fund Capital acted as Credit Line Facility Provider for a NYC based Direct Lender on a Cash-Out Refinance Loan in the amount of $2,400,000. The loan is secured by a 1 Family Property Located in Great Neck, NY. The borrower needed a bail-out from existing defaulted outstanding debt.
Cash-Out Refinance
Loan Amount: $2,275,000.00
Where: Suffolk County, Head of Harbor, New York
Why: Bail Out
Our Role: Direct Lender
Tower Fund Capital acted as a Direct Lender on a Cash-Out Refinance Loan for $2,275,000. The loan is secured by a Single-Family Property located in the Head of Harbor, NY. The borrower is finishing the renovation and selling for profit.
Bridge Loan
Loan Amount: $2,050,000.00
Purpose: The borrower is a seasoned investor with multiple existing and past projects who acquired this 6,200 sq ft brick mansion to renovate and sell to a discreet Gold Coast buyer; loan was provided in 8 days
Exit strategy: Renovate and sell for a profit
Cash-Out Refinance
Loan Amount: $1,625,000.00
Purpose: The borrower required funds to convert the property to an Airbnb
Exit strategy: To refinance with a conventional lender once stabilized
Cash-Out Refinance
Loan Amount: $1,585,000.00
Purpose: The borrower refinanced the property for a cash-out to renovate and keep for rental income
Exit strategy: To establish a healthy rent roll and refinance with a mainstream lender at the prevailing rate
Fix and Flip
Loan Amount: $1,550,000.00
Purpose: The borrower is a seasoned investor using funds to rehab the property and sell it for profit
Exit strategy: Renovate and sell for a profit
Acquisition
Loan Amount: $1,534,000.00
Purpose: The borrower required funds to buy out his partner and settle personal debts
Exit strategy: Regroup personal finances and refinance with a streamline lender
