$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
Title Issues and Renovations
Loan Amount: $850,000.00
Purpose: The borrowers inherited property on which the title needed to be cleared up due to inheritance issues; needed funding to renovate
Exit strategy: Renovate and keep property for income
Cash-Out Refinance
Loan Amount: $845,000.00
Purpose: The borrower required funds to pay-off high-interest debt
Exit Strategy: To improve credit rating and refinance with a mainstream lender at the prevailing rate
Cash-Out Refinance
Loan Amount: $845,000.00
Purpose: A family dispute forced a buyout of one of the members during which the borrower used funds to payoff the exiting partner
Exit strategy: To refinance with a conventional lender in 6 months
Construction Loan
Loan Amount: $845,000.00
Purpose: The borrower required funding to complete a ground up construction project. Our role: We acted as a credit line provider to a Florida-based direct lender
Exit strategy: Complete construction and sell the property for a profit
Loan Amount: $845,000.00
Rate and Term RefinanceLoan Amount: $800,000.00
Where: Sheldon Charter Oak, Hartford, Connecticut
Why: Fix & Hold
Our Role: Direct Lender
Tower Fund Capital acted as a Direct Lender on a Term Refinance Loan in the amount of $800,000. The loan is secured by a Commercial Building that will be rezoned and repurposed to an Apartment Building located in Hartford, CT. The borrower needed the funds for their subsequent overhaul efforts.
Rate and Term Refinance
Loan Amount: $756,000.00
Purpose: The borrower cashed out in order to fund a purchase of an additional investment out-of-state
Purchase
Loan Amount: $760,000.00
Purpose: The contractor purchased a mid-construction 5,000 sq. ft mansion sitting on an unprecedented 100×100 Queens lot. Project cost $1.3M and ARV appraisal at $2.5M
Exit strategy: To complete construction and sell with a profit over $1M
Loan Amount: $750,000.00
Where: Kings County, Brooklyn, New York
Why: Reconcile Outstanding Debt
Our Role: Direct Lender
Tower Fund Capital acted as a Direct Lender on a Cash-Out Refinance Loan in the amount of $750,000. The loan is secured by a Multi-Family Property located in Brooklyn, NY. The borrower needed the funds to settle outstanding debt.
