Using our model of creative and flexible funding, we were able to originate a new blanket Bridge Construction Loan across all 13 properties, based on the current appraised value of the properties, even though construction was still ongoing.
The borrower remembered Erik from the webinar and reached out to him. “The borrower was just looking for someone who would be upfront with him,” explains Erik. “They key to winning this deal was being up front and honest, and not pulling any surprises.”
We refinanced the customer’s existing FHA loan, which made room in her debt-to-income which, in turn, allowed her to purchase another property with an FHA loan.
We helped the client by working quickly to provide our funds to the borrower before closing, which saved the client from closing with their own cash. Said the client. “5 stars!”
“We wanted to say thank you. We are overwhelmed with working with you – how fast everything moved. We really want to thank you. God bless. And we are going to have many more such experiences with you. It was really fluent and really fast for new construction, so we are really happy with the service. The best was that everything took around 3 weeks from the day we started!”