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Recently Funded Loans
$71,066,100 In Secured Assets $39,752,185 In Funded Loans
1 Family Oyster Bay
Bridge Loan
Loan Amount $2,050,000
Borrower is a seasoned investor with multiple existing and past projects. Acquired this 6,200 square foot brick Mansion to renovate and sell to a discreet Gold Coast buyer.
This loan was closed in 8 days.
Loan Amount $2,050,000
Borrower is a seasoned investor with multiple existing and past projects. Acquired this 6,200 square foot brick Mansion to renovate and sell to a discreet Gold Coast buyer.
This loan was closed in 8 days.
1 Family Greenwich
Fix and Flip
Loan Amount $1,550,000
The borrower is a seasoned investor using funds to rehab the property and sell it for profit.
Loan Amount $1,550,000
The borrower is a seasoned investor using funds to rehab the property and sell it for profit.
3 Family Bed-Stuy
Refinance Bail-out.
Loan Amount $1,511,250
The Borrower was put into delinquency due to violation of subordinate financing. Bailed out from 24% payment to 7.5% for 1 Year.
Loan Amount $1,511,250
The Borrower was put into delinquency due to violation of subordinate financing. Bailed out from 24% payment to 7.5% for 1 Year.
2 Family Bed-Stuy
Cash-Out Refinance
Loan Amount $1,380,000
The borrower cashed out to resolve outstanding liens, violations, and fines on the property.
An exit strategy is to cure all violations and refinance with a streamlined lender.
Loan Amount $1,380,000
The borrower cashed out to resolve outstanding liens, violations, and fines on the property.
An exit strategy is to cure all violations and refinance with a streamlined lender.
Private School Plainfield
Cash Out Refinance
Loan Amount $1,300,000
Borrower used funds to renovate old YMCA building to convert to a Private School for a local religious community.
Exit Strategy is to raise funds through grants, government financing as well community and patrons fund raising.
Loan Amount $1,300,000
Borrower used funds to renovate old YMCA building to convert to a Private School for a local religious community.
Exit Strategy is to raise funds through grants, government financing as well community and patrons fund raising.
2 Family Bed-Stuy
Bridge Loan
Loan Amount $1,300,000
Borrower is a seasoned investor.
Used proceeds to fund another project.
Exit Strategy is to refinance with mainstream lender at prevailing rate.
Loan Amount $1,300,000
Borrower is a seasoned investor.
Used proceeds to fund another project.
Exit Strategy is to refinance with mainstream lender at prevailing rate.
5 Family Bed-Stuy
Fix and Flip
Loan Amount $1,170,000
The borrower used funds to rehab the property and flip.
An Exit strategy is to renovate and sell for a higher price.
Loan Amount $1,170,000
The borrower used funds to rehab the property and flip.
An Exit strategy is to renovate and sell for a higher price.
Mixed-Use Flatbush
Bail Out
Loan Amount $1,100,000
Borrower needed to bail out of default
and demonstrate 12 months of current payments.
Loan Amount $1,100,000
Borrower needed to bail out of default
and demonstrate 12 months of current payments.
3 Family Crown Heights
Foreign Investor
Loan Amount $1,025,000
Australian National needed fast closing to regroup and obtain regular financing.
Loan Amount $1,025,000
Australian National needed fast closing to regroup and obtain regular financing.
Mixed-Use East Williamsburg
Cash Out Refinance
Loan Amount $1,000,000
Borrower used the funds for another investment.
Exit Strategy is to keep this financing in place for 2 years and then refinance with mainstream lender at prevailing rate.
Loan Amount $1,000,000
Borrower used the funds for another investment.
Exit Strategy is to keep this financing in place for 2 years and then refinance with mainstream lender at prevailing rate.
Mixed-Use Flatbush
Cash-Out Refinance
Loan Amount $1,000,000
Borrower needed to restructure her financial position by cleaning all debt and liabilities which included a substantial cash-out to cover next year of mortgage payments.
Loan Amount $1,000,000
Borrower needed to restructure her financial position by cleaning all debt and liabilities which included a substantial cash-out to cover next year of mortgage payments.
Mixed-Use Windsor Terrace
Cash-Out Refinance
Loan Amount $975,000
The borrower removed assets from the trust and borrowed equity to buy out partners and place assets into a newly formed LLC.
An exit strategy is to refinance with the streamlined lender.
Loan Amount $975,000
The borrower removed assets from the trust and borrowed equity to buy out partners and place assets into a newly formed LLC.
An exit strategy is to refinance with the streamlined lender.
1 Family West Islip
Cash Out Refinance
Loan Amount $962,000
New construction that was built for cash and refinanced to purchase another investment.
Exit Strategy is to sell this home to an upscale buyer. Valued over $1.8 Million
Loan Amount $962,000
New construction that was built for cash and refinanced to purchase another investment.
Exit Strategy is to sell this home to an upscale buyer. Valued over $1.8 Million
3 Family Bed-Stuy
Cash-Out Refinance
Loan Amount $925,000
The buyout of partners.
An exit strategy is to meet 12 months' current payments and refinance with a streamlined lender.
Loan Amount $925,000
The buyout of partners.
An exit strategy is to meet 12 months' current payments and refinance with a streamlined lender.
3 Family Sunset Park
Cash Out Refinance
Loan Amount $850,000
Foreign Investor could not finance with any commercial or private lending institutions.
Tower Fund Capital secured a 12 months Bridge Loan with exit to refinance, once conventional lenders acquire liquidity and qualifying loan programs for Foreign Nationals.
Loan Amount $850,000
Foreign Investor could not finance with any commercial or private lending institutions.
Tower Fund Capital secured a 12 months Bridge Loan with exit to refinance, once conventional lenders acquire liquidity and qualifying loan programs for Foreign Nationals.
4 Family Bed-Stuy
Title Issues and Renovations.
Loan Amount $850,000
Borrowers inherited property and needed funding to renovate. The Title had to be cleaned up due to inheritance issues. Closed within 1 week.
Loan Amount $850,000
Borrowers inherited property and needed funding to renovate. The Title had to be cleaned up due to inheritance issues. Closed within 1 week.
Mixed-Use Cypress Hills
Cash Out Refinance
Loan Amount $845,000
Borrower used funds to pay-off high interest debt.
Exit Strategy is to improve credit rating and refinance with mainstream lender at prevailing rate.
Loan Amount $845,000
Borrower used funds to pay-off high interest debt.
Exit Strategy is to improve credit rating and refinance with mainstream lender at prevailing rate.
1 Family Staten Island
Cash-Out Refinance
Loan Amount $845,000
The family dispute forced a buyout of one of the members. The borrower used funds to payoff the exiting partner.
An exit strategy is to refinance with a streamlined lender in 6 months.
Loan Amount $845,000
The family dispute forced a buyout of one of the members. The borrower used funds to payoff the exiting partner.
An exit strategy is to refinance with a streamlined lender in 6 months.
Mixed-Use Brownsville
Cash Out Refinance
Loan Amount $765,000
Borrower used funds to cash out to purchase an additional investment out-of-state.
Exit Strategy is to flip out-of-state investment for profit and repay on this loan.
Loan Amount $765,000
Borrower used funds to cash out to purchase an additional investment out-of-state.
Exit Strategy is to flip out-of-state investment for profit and repay on this loan.
1 Family Hollis Hills
Purchase
Loan Amount $760,000
Contractor purchased mid construction 5,000 sq. ft. Mansion sitting on unprecedented 100x100 Queens lot. Project cost $1.3 Million and ARV appraisal at $2.5 Million.
Exit strategy to complete and sell with profit over $1 Million.
Loan Amount $760,000
Contractor purchased mid construction 5,000 sq. ft. Mansion sitting on unprecedented 100x100 Queens lot. Project cost $1.3 Million and ARV appraisal at $2.5 Million.
Exit strategy to complete and sell with profit over $1 Million.
3 Family Brooklyn
Debt Restructure
Loan Amount $725,000
Borrower needed to payoff all liabilities and demonstrate 12 months of current payments.
Loan Amount $725,000
Borrower needed to payoff all liabilities and demonstrate 12 months of current payments.
4 Family East Flatbush
Conversion Bridge
Loan Amount $715,000
Borrower is a seasoned investor, using funds to convert this single use property to a legal 4 Family Building.
Exit Strategy is to refinance with mainstream lender at prevailing rate once conversion is finalized.
Loan Amount $715,000
Borrower is a seasoned investor, using funds to convert this single use property to a legal 4 Family Building.
Exit Strategy is to refinance with mainstream lender at prevailing rate once conversion is finalized.
Mixed-Use Dobbs Ferry
Cash-Out Refinance
Loan Amount $708,500
Borrower needed funds to purchase additional investment property.
Exit Strategy is to close on new investment and then refinance with a mainstream lender.
Loan Amount $708,500
Borrower needed funds to purchase additional investment property.
Exit Strategy is to close on new investment and then refinance with a mainstream lender.
2 Family Bed-Stuy
Fix and Hold
Loan Amount $700,000
Borrower is a Real Estate Broker will use the funds to renovate and rent the property for income.
Loan Amount $700,000
Borrower is a Real Estate Broker will use the funds to renovate and rent the property for income.
Mixed-Use Valley Stream
Cash-Out Refinance
Loan Amount $650,000
The borrower refinanced to pay off tax liens.
An exit strategy is to cure all violations and refinance with a streamlined lender.
Loan Amount $650,000
The borrower refinanced to pay off tax liens.
An exit strategy is to cure all violations and refinance with a streamlined lender.
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