cash out refi Georgia
Investment Info:
Single-family residence private money loan investment.
Cash invested: $50,000
Borrower needed cash out to buy more property. Since this was a small balance loan, we crossed collateral another rental property as added security. Seasoned investor well versed in the current market. Great cash flow on both properties with long term tenants.
What made you interested in investing in this type of deal?
Repeat borrower with extensive RE portfolio. Credit challenged.
How did you find this deal and how did you negotiate it?
Repeat borrower
How did you add value to the deal?
Private money bridge funding. 24 month deal
What was the outcome?
closed in 15 days