Grayland, WA

$285,000

Single Family Residence

Equity Cash Out

10/24/2019
Transaction by
ARCH Bridge Loans, LLC
Two loans funded simultaneously for a productive flipper. A cash-out refinance of an existing $285,000 loan on a current asset in Grayland, WA enabled the purchase of a fantastic fixer-upper in the Seattle area. This borrower was initially short on funds to close the project they had under contract located in the suburbs of Seattle. Arch provided the cash-out of his equity, which was just what was needed to complete the acquisition and rehab for his new project. With some creative deal structuring, Arch was able to fund both transactions for the borrower