Types of Deals:
1. Refinances of Free and Clear Properties for Short Term Capital needs
2. Renovations of Income Producing Properties (non-owner occupied)
The above property was owned free and clear by the owner and they needed cash for other purposes. We gave them a 50% Loan to Value Loan within 2 days of getting the loan request.
$4,000,000 Construction Loan to finalize the build out of this mixed use facility.
2 Houses owned free and clear by a Rehabber. We used both properties for a quick loan.
We provided the 65% of the funds to purchase this property. The borrower made a downpayment of 35%, plus they are doing the repairs out of their own pocket, plus they gave us a 1st Mortgage on another rental property that they owned free and clear (cross collateralization).