One of our consistent BFG borrowers requested a $379K loan to cash out and refinance a residential property in Brooklyn, NY. After building rapport for the last couple of years, our client trusted our fast, efficient and informative process to get their loan funded in just 5 DAYS! This client has had over 10 projects in just the past 3 years, including fix & flips, ground up construction and rental holds.
The Property
- Located in Brooklyn, NY
- Single Family Residence
- 3 Bedrooms, 3 bathrooms
The Loan
- Loan Type: Fix & Flip
- Loan Amount: $379,000
- LTC: 90%
- Interest Rate: 8%
- Length of Loan: 6 months
- Exit Strategy: Sell