Austin, Texas Hard Money Blanket Refinance Loan

Lien Position: 1st

Loan Amount: $900,000

Loan to Value: 45%

Term: 12 months with no prepayment penalty

Details: Source Capital Funding was contacted by this borrower in need of a blanket hard money refinance loan in Austin, Texas. The borrower had an extensive portfolio of investment properties in Texas, and we were able to successfully secure a loan against two properties so this seasoned investor could purchase additional properties to add to their portfolio.