$252,664,100 In Secured Assets | $140,055,660 In Funded Loans
Debt Restructure
Loan Amount: $750,000.00
Purpose: Borrower needed to pay off all liabilities and demonstrate 12 months of current payments
Exit Strategy: To regroup finances and refinance with a streamline lender
Conversion Bridge
Loan Amount: $715,000.00
Purpose: The borrower is a seasoned investor, using funds to convert this single-use property to a legal 4-family building
Exit Strategy: To refinance with a mainstream lender at the prevailing rate once the conversion is finalized
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
Loan Amount: $700,000.00
Exit strategy: Renovate the property and rent out for income
Refinance
Loan Amount: $695,500.00
Purpose: The borrower required funds to modernize his investment property, allowing it to bring in more income in the future; refinanced because we were able to offer better loan terms than his previous lender
Exit strategy: Complete renovations, keep as income-producing property, and refinance with a conventional lender
Cash-Out Refinance
Loan Amount: $682,500.00
Purpose: The borrower required funds to renovate and lease property to tenants
Exit strategy: To refinance with a conventional lender once stabilized
Cash-Out Refinance
Loan Amount: $670,000.00
Purpose: The borrower used funds to rebuild the property after fire damage
Exit strategy: To renovate and rent the property out for income
Cash-Out Refinance
Loan Amount: $650,000.00
Purpose: The borrower refinanced to pay off tax liens
Exit strategy: To remedy all violations and refinance with a streamline lender
Cash-Out Refinance
Loan Amount: $650,000.00
Purpose: The borrower required funds for another investment
Exit strategy: To rent the property out for 1 year; refinance with a mainstream lender at the prevailing rate.
Notes
