Eastland, TX
Amount Raised: $104,000
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Interest Paid: $12,480
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Return Paid to Lender: $116,480
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Term Length: 3 months
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Amount Raised: $104,000 - Interest Paid: $12,480 - Return Paid to Lender: $116,480 - Term Length: 3 months -
This was a larger deal in Eastland, Texas. The borrower needed over $100,000 quickly. One private lender could not cover the full amount, so we structured a first-lien position shared by two lenders. Both parties agreed to the arrangement. The flip was completed in just 3 months. Both lenders were paid back with interest. This deal demonstrates our ability to structure multi-lender financing when a single source is insufficient.