1) First-Timer Fix & Flip Loan Case Study This first-time multi-family property investor previously only flipped single-family homes, but recently saw a phenomenal opportunity he couldn’t pass up with a 14-unit building in the Washington Park area of Chicago, IL. The current rentals are $600 for a 1 bedroom and...
The Problem The owner of this commercial property had multiple problems we had to overcome. One of which was a credit score of under 600. The other was the fact that his current lender had already started foreclosure proceedings because of other under-performing investments. We were able to creatively form...
A buyer was interested in purchasing a small business, a maid service in Florida, and needed a loan, but was turned down multiple times by the banks. This small business consisted of a few vehicles, cleaning supplies and a client list. The banks were not interested in this type...
This loan was approved for the start-up of an independent restaurant with some working capital. Now they are OPEN for business in the suburbs of Chicago.SBA 7a loan program 70% loan to cost $288,000 loan amount 10 year term 10 year amortization Variable rate 6% Interest rate No call / No balloon No prepayment Will close inside 30 daysAt...
Franchise Loan for an Exxon Gas Station was CLOSED! They purchased commercial real estate and equipment, yet all they needed was some help from their goodwill, inventory, and a little working capital. This Exxon Gas location in North Carolina has 6 pumps; a canopy island; convenience, lottery and liquor; small restaurant and...