
Recently we closed a $285,000 Fix & Flip loan for an investor in St Petersburg, FL.
This husband and wife team owned a home with a significant amount of equity and only a small first mortgage. Because the equity was so high, we were able to cross-collateralize in 2nd position on their primary instead of the team having to make a down payment.
We funded 100% of the purchase price, 100% of the rehab and almost all the closing costs. Our clients only brought $5,600 to close this deal!
We got creative to make the deal a win-win for all involved. One of the big benefits of lending your own capital
So, if you need a local, private lender who moves quickly, reach out to us anytime!
Leave A Comment