Location: Indiana Portfolio Loan

Total Loan amount: $2,950,000

Seasoned group of 3 partner investors wanted to expand their reach outside the state and increase leverage but have never used hard money financing. They were purchasing homes in cash out of state and could not find financing due to the low purchase price of their individual investment deals. We provided a strategy that would recapitalize them from their existing portfolio and purchase homes out of state in bulk portfolio lines of credit.