FundingEdge & Power2Fund
Commercial Real Estate & Business Finance
 
 
 
 
 
$uccess Highlight
 
 
 
 
 
FUNDED 
ProgramPrivate Money
Loan TypeAcquisition of Property
Property TypeSecured Storage on 5 Acres w/ Office 
LTV/LTC:  65% of the 'As Is' Value - Purchase Price & 90% CLTV
Rate and Term2 Year, 10%, Interest Only Note
Obstacles:  Credit in mid 500's, down payment, special use property & seller carryback.
SituationThe Borrower owns a towing business and purchased property to create a secured storage facility for impounded vehicles and business operations.  With 10% down payment and a seller carryback as 2nd lien the CLTV (combined loan to value) was 90% .  Deal was funded within 15 business days as all parties worked diligently.  By owning the facility, overall business revenue will increase by 25% and once credit improves we'll assist with a refinance.
 
 
 
 
 
 
 
 
 
 

Phone: (830) 331-4030  &  (210) 249-2111
Fax: (830) 331-4025   eFax: (210) 280-0069
Email:
newapps@power2fund.com
 
 
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