Recent Transactions
Fix and Flip in Washington DC (Heavy Reno)
The borrower received 95% funding on this deal while only bringing 5% to the table. The borrower also received a loan with no monthly payments, and all loan fees due on loan payoff and not at closing. This allowed the borrower to MAXIMIZE their cash on hand while taking on this large project!
Heavy Rehab on Small Purchase
The borrower bought a triplex in Ohio for 50,000 with a large rehab of 155,000. We funded 90% of the total deal, and allowed the borrower to use a gap funder to fund the down payment and closing costs.
DSCR Cash Out Refinance in Gary, IN
This repeat borrower finished his rehab in under 2 months and took advantage of our no seasoning cash out refinance. He leveraged 75% loan to value, extracted all of his cash out of the deal and was able to go on and keep closing on projects while the property was being tenanted.
Fix and Flip with deferred payments and 95% Financing
A borrower recently closed on their first flip with us. They brought 5% to the table, and enjoyed deferred monthly payments.
Quick Close in Fayetteville
This repeat borrower needed to close fast. We offered him 100% financing (because he’s a repeat investor) despite having a low 600 credit score. Having paid us off several times, we know this borrower gets the job done. He brought 3,000 to the table on a 160k deal. We offered him a 6 month loan to accomplish this but he’ll be done in 3-4.
DSCR Cash Out Refinance with No Seasoning
This new borrower completed a remodel in Louisiana. Within 2 months of their purchase, we refinanced the property using the ARV and avoiding any seasoning allowing them to reuse that capital for more deals!