Hard Money Loan Paid Back

[Christopher Davis]

Investment Info:

Single-family residence hard money loan investment in Carlyle.

Purchase price: $146,000
Cash invested: $146,000

Borrower purchased the property for 146k. It needed minimal repairs. The ARV was 325k. We loaned 100% of purchase. Two months later borrower had it appraised at 350k and refinanced with a local bank.

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

Really low LTV

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

Local Referal

How did you finance this deal?

We financed 100% of the purchase

How did you add value to the deal?

I was the hard money lender

What was the outcome?

borrower used us to close and then refinanced it and paid us back