Abilene, TX
Amount Raised: $38,600
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Interest Paid: $5,790
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Return Paid to Lender: $44,390
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Term Length: 6 months
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Amount Raised: $38,600 - Interest Paid: $5,790 - Return Paid to Lender: $44,390 - Term Length: 6 months -
This Abilene, Texas property was owned by an LLC. The borrower wanted to provide additional security to the lender. We structured the loan documents so the lender had a claim on the LLC itself rather than solely on the property. The flip proceeded smoothly. The property sold in March. The lender received $44,390. The LLC structure performed as intended. We now use this structure for larger transactions or borrowers seeking a more institutional arrangement.
