Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
03/09/2017
Property Type
Single Family Residence
Property City
Austin
Property State
TX
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Loan Ranger Capital, a private lender, funded a $50,000 1st lien position fix and flip loan for a single-family home in Austin, Texas. This particular Borrower came to us with a flip project that other lenders rejected due to minimum loan amounts. We were happy to fund it and were able to do so quickly in order to save their deal. We provided both acquisition and rehab funds. This SFR fix and flip loan was funded in March 2017