Borrower Needed Additional Capital to Finish the Project

Below was the condition of the property when the borrower purchased the property.

Before

After

The borrower purchased the property and started fixing it, then he ran out of capital.
He came to us.

We loaned him the $40,000 needed to complete the project and he repaid us 4 months later when he refinanced into long-term debt.

The property is now worth $200k+

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