2019 is off to a great start! With the new year came a new batch of borrowers eager to get their construction projects underway and start building wealth. Here's a look at some of the recently funded new construction and fix and flip loans from last month, highlighting projects closed in North Carolina and Pennsylvania.
Single-Family New Construction Loan (2 Units)
The borrower will use loan funds to build two new-construction single-family residences in a suburban neighborhood. The lots was acquired for $47,900 each and the borrower will build with a total budget of $560,000. At completion, the properties are expected to be worth $980,000.
Single-Family New Construction Loan
The borrower will use loan funds to build a new-construction single-family residence in a suburban neighborhood. The lot was acquired for $483,333. The borrower has completed approximately $330,000 of prior construction and the has a remaining budget of $350,000. At completion, the property is expected to be worth $1,439,000. The borrower has also pledged a 33-acre parcel of land as additional collateral.
Single-Family Fix and Flip Loan
The borrower will use loan funds to renovate a single-family residence in a suburban neighborhood. The property was acquired for $475,000. The borrower will complete approximately $15,000 of renovations, at which time the property is expected to be worth $665,000.
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LYNK Capital is a fast-growing hard money lender offering hard money fix and flip loans, rehab and renovation loans, construction loans, and rental property loans to real estate investors. LYNK Capital is a direct private lender that offers lending solutions to real estate investors, contractors, builders, and developers.
Hard Money Fix and Flip Loans
LYNK Capital is your fix and flip lender. We offer hard money fix and flip loans for real estate investors. Fund your rehab or renovation project quickly with competitive interest rates and origination fees. Faster than bank financing with more flexible loan terms. Purchase and refinance options available.
Hard Money Construction Loans
Hard money new construction loans for builders and developers. Fund your new construction project quickly with competitive interest rates and origination fees. Faster than bank financing with more flexible loan terms. Purchase and refinance options available.
Single-family rental loans for real estate investors. Borrow up to 80% of your property value. Finance your investment property quickly and easily. Rental property loans can be used to purchase your property or to refinance your existing portfolio. Cash out loans are permitted.
Where Does LYNK Capital Lend?
LYNK Capital makes hard money fix and flip and construction loans in: Alabama, Connecticut, District of Columbia, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
Get a hard money loan for your investment property today with our online rate quote and pre-approval.