Recent Closing - Repeat Borrower

[Max Fisch]

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $175,000
Cash invested: $50,000

This was a repeat borrower. He needed to close this and another quickly and we financed the entire project with additional collateral, even closing costs and no appraisal!

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

Fairmount Funding is a private lender based outside of Philadelphia.

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

It was a referral.

How did you finance this deal?

We loaned the borrower the funds.

How did you add value to the deal?

N/A

What was the outcome?

He refinanced and kept is as a VERY NICE rental.

Lessons learned? Challenges?

We love our repeat borrowers :)

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

FairmountFunding.net