BREAKING NEWS: Ivanhoe Capital Advisors is now an Agent of Pathward, N.A.    Click to Learn More 847-644-8085

A general contractor/developer built a luxury custom home and was set to close for $490,000 but at the eleventh hour the buyer could not get the mortgage and he was now stuck. He was really in a bad position because he would always pay all the sub-contractors at close and they trusted him to do so because they had a 30-year relationship with this general contractor.

He was really embarrassed that he could not pay them and did not have a plan to get the money. He did not want to lose the relationships he had built over the last quarter-century because of this. That would not be good.

Well, we were able to approve him in about 24 hours on a $343,000 loan so he could pay all his subs. We would close within 2-3 weeks. He told his subs the scenario. Although they were not thrilled on waiting another 2-3 weeks to get paid, they really had no choice at that point. So, they could live with that and continue the relationship.

The developer now has the time to seek out another buyer for the home without the huge weight of owing practically everyone he knows. Even though it is not the ideal situation for him, this man can now sleep in peace!

Z$343,000 Loan AmountZ24-Hour Approval
Z1-Year Term (Interest-only)


Get Your Fix & Flip Loan Within 24 Hours

If you need our help with your business funding, have a few questions, or are ready to apply our experts are here for you. Please call us at 847-644-8085 or fill out our short form and we will get back to you within 24 hours.