Problems Solved/Loans Closed
$165,000 new 1st on a rental property
Property being remodeled and the value was not enough to refinance
$2,100,000 new 1st on six adult care homes
Borrower did not have documentation the bank wanted
Borrower needed to pay off the existing first loan of $1,400,000 and get funds to complete some repairs. Borrower was an LLC and did not have documentation the bank wanted and a prior employee had embezzled funds. I was able to find private financing so the borrower could finish the project, prove income and prepare to qualify for a conventional loan.
$435,000 new 1st on a commercial property
Borrower inherited 3 commercial units from her mother, but one tenant had not paid rent for a year during an eviction process and the current loan was in default. Property income was low, and the property need some repairs. Taxes were overdue. I found a private lender to pay off the existing first and stabilize the property while new tenants were installed.