Grayland, WA

$285,000

Single Family Residence

Equity Cash Out

10/24/2019
Transaction by
ARCH Bridge Loans, LLC
ARCH Loans funded two hard money loans simultaneously for a productive house flipper in Grays Harbor County, Washington State. A cash-out refinance of an existing $285,000 loan on a current asset 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. We 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. We funding this hard money loan in October 2019.