Tacoma, WA
Amount Raised: $13,000
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Interest Paid: $1,950
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Return Paid to Lender: $14,950
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Term Length: 2 months
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Amount Raised: $13,000 - Interest Paid: $1,950 - Return Paid to Lender: $14,950 - Term Length: 2 months -
A renovated property in Tacoma, WA sitting on the market, where the operator needed capital to cover holding costs — taxes, utilities, and insurance — while awaiting a buyer. We helped the operator access $13,000 of private funds from an individual who wanted their savings working in real estate, without the large capital commitment, tenant management, or project oversight of direct ownership — private lending was the perfect fit, a win-win for everyone involved. The loan was structured for an initial 2-month term, and when the property didn't sell right away, the borrower requested two 60-day extensions; the property sold in month four, and the lender was paid back in full with a $1,950 return plus extension fees.