$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
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
Bridge Loan
Loan Amount: $1,480,000.00
Purpose: Owner required a bridge loan in order to renovate a 5 family home
Exit strategy: Rent out the updated units and refinance with a conventional lender; keep property for cash flow
2 Family
Loan Amount: $1,459,400.00
Loan Amount: $1,430,000.00
Cash-Out Refinance
Loan Amount: $1,459,400.00
Purpose: The borrower cashed out to resolve outstanding liens, violations, and fines on the property
Exit strategy: To clear all violations and refinance with a streamline lender
Cash-Out Refinance
Loan Amount: $1,365,000.00
Purpose: The borrower refinanced to pay off tax liens
Exit strategy: Resolve all violations and refinance with a streamline lender
Bridge Loan
Loan Amount: $1,300,000.00
Purpose: The borrower is a seasoned investor who required proceeds to fund another project
Exit Strategy: To refinance with a mainstream lender at the prevailing rate
Cash-Out Refinance
Loan Amount: $1,300,000.00
Purpose: The borrower required funds to renovate and convert an old YMCA building into a Private School for the local religious community
Exit Strategy: To raise funds through grants, government financing, as well community and patron fundraising efforts
Fix and Flip
Loan Amount: $1,295,000.00
Purpose: The funds were used by a seasoned investor with multiple properties to cure all violations and renovate the property
Exit strategy: Sell the property after the full renovation is complete
