Stanwood, WA
$225,000

A real estate investor purchased a distressed home and fully remodeled the home on Lake Goodwin.  The acquisition loan was coming due and he had done the extensive remodel with all cash.  He was in need of an extension and wanted some cash out for his next investment opportunity.  His current bridge lender didn’t want to offer cash out.  The borrower had the property listed for $449,000.  After inspecting the property Liberty Capital agreed to issue a $50,000 cash out loan with the new loan being $225,000.  The borrower was happy to get some of his remodel cash out so that he could begin to pursue his next investment as well as have a long enough term to sell his property.  He expects to work with Liberty Capital on future fix and flip investment opportunities.

more examples »