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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/14/2023
Property Type
Single Family Residence
Property City
Fort Lauderdale
Property State
FL
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$3,000,000
Loan-to-Purchase Price
80%
Source of Borrower's Contribution
Cash
Renovation Budget
$750,000
Deal Summary
FIX & FLIP loan, closed under 48hrs.
The borrower was receiving seller finance that did not materialize and we came into play to save these deals and protect buyers’ escrow deposits. 85% loan to cost
83% of the purchase price
2 months interest-only loan, with non dutch interest. (as disbursed)
No Pre-Payment Penalty
Funded By
Equity Lending Solutions LLC
Reliable Capital for Fix & Flip and Ground Up Construction Loans / Direct Private Lender
Dealmakers
Daniel Benarroch
Managing Partner