Cross Collatteral Rehab Deal Macon Georgia

[Richard Huizar]

Investment Info:

Single-family residence private money loan investment.

Cash invested: $60,000

Borrower purchased two SFR that were in need of rehab for cash. T&M used both properties as collateral for a 60k rehab loan on one of the SFR. Once this is rehabbed, borrower will refi out and pay off our mortgage. The plan is to do another loan on the second SFR with the borrower coming in w a little cash to lower our new loan amount and have more skin in the deal.

What made you interested in investing in this type of deal?

Borrowers skin in the deal

How did you find this deal and how did you negotiate it?

Broker sent me the deal

How did you finance this deal?

Private money financing

How did you add value to the deal?

Borrower has plenty of skin in the deal and using two properties gives us extra cushion.

What was the outcome?

Closed deal and rehab is underway.