Houston, TX
Amount Raised: $33,000
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Interest Paid: $6,600
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Return Paid to Lender: $39,600
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Term Length: 6 months
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Amount Raised: $33,000 - Interest Paid: $6,600 - Return Paid to Lender: $39,600 - Term Length: 6 months -
This was a fix-and-flip in Houston that required fast funding. The borrower had already started demolition and ran out of cash. We brought in a private lender who funded the remaining renovation. The project finished on schedule and sold within 30 days of hitting the market. The lender was paid back in full at 6 months with no extensions or issues. A clean and straightforward deal.
