Read about a recently funded loan by clicking on one of our loan categories below.Traditional Rehab & Resale
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Traditional Rehab & Resale
Recently Funded Loan
Alexandria, VA - A real estate investor secured a contract to buy a distressed single family home for $105,000. The property did not qualify for conventional bank financing because the house needed some repairs including replacing broken windows. The investor was approved for an $85,000 loan to acquire the property and the investor used her own money for upgrades and repairs.
The investor completed rehab and sold the property for $161,000 just three months into the project. After financing and rehab costs, the investor made over $40,000 in profits.