Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
04/01/2019
Property Type
Single Family Residence
Property City
Sag Harbor
Property State
NY
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Carlyle Capital, a private money lender, funded a $2,010,000 1st lien position fix and flip loan for a single-family home in Sag Harbor, New York. The Sponsors for this fix & flip project needed a quick close to purchase the property and proceed with heavy rehab to reap large profits at the time of selling their property when rehab is complete. This SFR fix and flip loan was funded in April 2019.