Recently Funded Loans
Three recent loans we funded: a cash-out refinance, a fix & flip purchase and a probate loan for two heirs. Each one is a real closed file, shared with the borrower’s permission.
What we funded, and how
- Closed in
- 7 days
- Property
- Vacant, owned free and clear
- Underwritten on
- Property value
The owner held the property free and clear, and it was sitting vacant after the tenants moved out. We lent on the property’s value and closed the cash-out refinance in 7 days.
- Loan type
- Fix-and-flip purchase
- Appraisal
- None
- Income documents
- None
The property needed major upgrades. We funded the purchase in two weeks with no appraisal and no income documents. The rehabber renovated the property and sold it at a profit.
- Paid off
- Reverse mortgage
- Also funded
- Repairs
- Exit
- Refinanced into a DSCR loan
A brother and sister inherited a property that still carried a reverse mortgage. Our $385,000 loan paid off the reverse mortgage and gave the heirs funds for repairs. They then refinanced into a DSCR loan.
Shared with permission; details limited to protect borrower privacy.
Have a deal with a deadline?
Tell us about the property and the timeline. We’ll review it and send written terms, subject to underwriting.