Recently Funded Loans
Condo Flatiron
Bridge Loan
Loan Amount $2,500,000
Borrower used the funds for another investment.
Exit Strategy is to use finalize and structure additional investment and then refinance with mainstream lender at prevailing rate.
Loan Amount $2,500,000
Borrower used the funds for another investment.
Exit Strategy is to use finalize and structure additional investment and then refinance with mainstream lender at prevailing rate.
1 Family Oyster Bay
Bridge Loan
Loan Amount $2,050,000
Borrower is a seasoned investor with multiple existing and past projects. Acquired this 6,200 square foot brick Mansion to renovate and sell to a discreet Gold Coast buyer.
This loan was closed in 8 days.
Loan Amount $2,050,000
Borrower is a seasoned investor with multiple existing and past projects. Acquired this 6,200 square foot brick Mansion to renovate and sell to a discreet Gold Coast buyer.
This loan was closed in 8 days.
3 Family Bed Stuy
Refinance Bail-out.
Loan Amount $1,511,250
The Borrower was put into delinquency due to violation of subordinate financing. Bailed out from 24% payment to 7.5% for 1 Year.
Loan Amount $1,511,250
The Borrower was put into delinquency due to violation of subordinate financing. Bailed out from 24% payment to 7.5% for 1 Year.
Private School Plainfield
Cash Out Refinance
Loan Amount $1,300,000
Borrower used funds to renovate old YMCA building to convert to a Private School for a local religious community.
Exit Strategy is to raise funds through grants, government financing as well community and patrons fund raising.
Loan Amount $1,300,000
Borrower used funds to renovate old YMCA building to convert to a Private School for a local religious community.
Exit Strategy is to raise funds through grants, government financing as well community and patrons fund raising.
2 Family Bed Stuy
Bridge Loan
Loan Amount $1,300,000
Borrower is a seasoned investor.
Used proceeds to fund another project.
Exit Strategy is to refinance with mainstream lender at prevailing rate.
Loan Amount $1,300,000
Borrower is a seasoned investor.
Used proceeds to fund another project.
Exit Strategy is to refinance with mainstream lender at prevailing rate.
Mix Use Flatbush
Bail Out
Loan Amount $1,100,000
Borrower needed to bail out of default
and demonstrate 12 months of current payments.
Loan Amount $1,100,000
Borrower needed to bail out of default
and demonstrate 12 months of current payments.
3 Family Crown Heights
Foreign Investor
Loan Amount $1,025,000
Australian National needed fast closing to regroup and obtain regular financing.
Loan Amount $1,025,000
Australian National needed fast closing to regroup and obtain regular financing.
Mix Use East Williamsburg
Cash Out Refinance
Loan Amount $1,000,000
Borrower used the funds for another investment.
Exit Strategy is to keep this financing in place for 2 years and then refinance with mainstream lender at prevailing rate.
Loan Amount $1,000,000
Borrower used the funds for another investment.
Exit Strategy is to keep this financing in place for 2 years and then refinance with mainstream lender at prevailing rate.
Mix Use Flatbush
Cash-Out Refinance
Loan Amount $1,000,000
Borrower needed to restructure her financial position by cleaning all debt and liabilities which included a substantial cash-out to cover next year of mortgage payments.
Loan Amount $1,000,000
Borrower needed to restructure her financial position by cleaning all debt and liabilities which included a substantial cash-out to cover next year of mortgage payments.
4 Family Bed Stuy
Title Issues and Renovations.
Loan Amount $850,000
Borrowers inherited property and needed funding to renovate. The Title had to be cleaned up due to inheritance issues. Closed within 1 week.
Loan Amount $850,000
Borrowers inherited property and needed funding to renovate. The Title had to be cleaned up due to inheritance issues. Closed within 1 week.
3 Family Brooklyn
Debt Restructure
Loan Amount $725,000
Borrower needed to payoff all liabilities and demonstrate 12 months of current payments.
Loan Amount $725,000
Borrower needed to payoff all liabilities and demonstrate 12 months of current payments.
2 Family Bed Stuy
Fix and Hold
Loan Amount $700,000
Borrower is a Real Estate Broker will use the funds to renovate and rent the property for income.
Loan Amount $700,000
Borrower is a Real Estate Broker will use the funds to renovate and rent the property for income.
1 Family Massapequa
Cash Out Refinance
Loan Amount $650,000
Borrower used funds for another investment.
Exit strategy is to rent for income for 1 year and then to refinance with mainstream lender at prevailing rate.
Loan Amount $650,000
Borrower used funds for another investment.
Exit strategy is to rent for income for 1 year and then to refinance with mainstream lender at prevailing rate.
6 Family Brooklyn
Foreclosure Save
Loan Amount $630,000
Borrower needed to bail out of foreclosure to allow time to refinance or sell
Loan Amount $630,000
Borrower needed to bail out of foreclosure to allow time to refinance or sell
Condo Greenvich Village
Cash Oout Refinance
Loan Amount $617,500
Borrower used funds to buy another home for private use.
Exit strategy is to sell investment property at a later date.
Loan Amount $617,500
Borrower used funds to buy another home for private use.
Exit strategy is to sell investment property at a later date.
3 Family Brooklyn
Cash-Out Refinance
Loan Amount $570,000
Borrower refinanced this property for a cash-out to renovate and keep for rental income.
Exit Strategy is to establish a healthy rent roll and refinance with mainstream lender at prevailing rate.
Loan Amount $570,000
Borrower refinanced this property for a cash-out to renovate and keep for rental income.
Exit Strategy is to establish a healthy rent roll and refinance with mainstream lender at prevailing rate.
3 Family Bed Stuy
Fix and Flip
Loan Amount $500,000
The Borrower is an investor that will fix and flip for profit.
Loan Amount $500,000
The Borrower is an investor that will fix and flip for profit.
3 Family White Plains
Financial Restructure
Loan Amount $422,500
Borrower needed to renovate this property and some breathing room to restructure personal finances.
Exit Strategy is to renovate, fix personal finances and refinance with mainstream lender.
Loan Amount $422,500
Borrower needed to renovate this property and some breathing room to restructure personal finances.
Exit Strategy is to renovate, fix personal finances and refinance with mainstream lender.
2 Family Flatbush
Fix and Flip
Loan Amount $400,000
The Borrower is a contractor and needed the money to renovate this property and flip.
Loan Amount $400,000
The Borrower is a contractor and needed the money to renovate this property and flip.
2 Family Bed Stuy
Rent and Hold
Loan Amount $370,000
Borrower is out of state and wanted to pull equity while restructuring her financial situation, refinance to hold for income.
Loan Amount $370,000
Borrower is out of state and wanted to pull equity while restructuring her financial situation, refinance to hold for income.
3 Family Bed Stuy
Cash Out Refinance
Loan Amount $358,000
Borrower used funds to consolidate high interest debt.
Exit Strategy is to rent and hold and then to refinance with mainstream lender at prevailing rate.
Loan Amount $358,000
Borrower used funds to consolidate high interest debt.
Exit Strategy is to rent and hold and then to refinance with mainstream lender at prevailing rate.
2 Family Dyker Heights
Cash Out Refinance
Loan Amount $350,000
Borrower used funds to buy out partners and establish a new entity.
Exit Strategy is to rent and hold and then to refinance with mainstream lender at prevailing rate.
Loan Amount $350,000
Borrower used funds to buy out partners and establish a new entity.
Exit Strategy is to rent and hold and then to refinance with mainstream lender at prevailing rate.
1 Family Laurelton
Financial Restructure
Loan Amount $347,500
Borrower refinanced this property to restructure personal finances, fix credit & show 12 current mortgage payments.
Exit Strategy is to establish a healthy financial position and refinance at prevailing rate.
Loan Amount $347,500
Borrower refinanced this property to restructure personal finances, fix credit & show 12 current mortgage payments.
Exit Strategy is to establish a healthy financial position and refinance at prevailing rate.
1 Family Staten Island
Purchase Money Loan
Loan Amount $345,000
An investor and needed purchase money loan.
Exit strategy is to fix credit history and refinance.
Loan Amount $345,000
An investor and needed purchase money loan.
Exit strategy is to fix credit history and refinance.
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