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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
12/12/2017
Property Type
2-4 Units Residential
Multifamily
Property City
Austin
Property State
TX
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Loan Ranger Capital, a private lender, funded a $1,250,000 1st lien position construction loan for a multifamily property in Austin, Texas. The Borrower came to us with a wholesale deal they needed to close quickly. We were able to fund in a few days, as well as provide construction funds to complete the project. We worked hard to ensure this Borrower’s satisfaction, and have worked with them many times since. We’ve created a long-lasting, mutually beneficial working relationship. This new construction loan was funded in December 2017.
Funded By
Loan Ranger Capital
Texas' Quickest Private Lender for Fix & Flip, Construction, Bridge Loans