Lien Position: 1st

Loan Amount: $2,200,000

Loan to Value: 45%

Term: 12 months with no prepayment penalty

Details: Source Capital Funding provided a hard money investment refinance loan in Austin, Texas to this client. The borrower had an LLC and purchased the property the prior year to remodel and sell. They utilized the equity to further remodel the interior of the property and add numerous upgrades to the landscaping.

Lien Position: 1st

Loan Amount: $175,000

Loan to Value: 58%

Term: 18 months with no prepayment penalty

Details: This transaction was a hard money refinance loan we funded in Burleson, Texas to a borrower who needed financing for improvements to the subject investment property and to pay business debt accrued through his real estate LLC.

Lien Position: 1st

Loan Amount: $800,000

Loan to Value: 54%

Term: 24 months with no prepayment penalty

Details: A repeat client of ours who is in the medical business approached us for this hard money refinance loan in Prosper, Texas. The borrower had substantial equity in one of their investment properties and we were able to expedite a loan to meet the client’s business demands in a matter of days.

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.

Lien Position: 1st

Loan Amount: $160,000

Combined Loan to Value: 43%

Term: 18 months with no prepayment penalty

Details: Financing was provided quickly by Source Capital Funding for this hard money refinance loan in Flower Mound, Texas. The borrower needed to close on another investment property purchase and used this property as collateral to pull the cash-out needed to complete the acquisition.