Their original lender was also putting certain minimum per-door restrictions in place to make it difficult to get their projects funded in these areas as well. When we assessed their situation it was pretty evident that they needed to make a change and work with someone who was not going to work against them, but with them.
We were able to secure their first commercial rental loan on a 2-unit property in which they will probably have $1,000 positive cash flow per month once it is rehabbed and fully occupied. They intend to manage at least 30 or 40 more of these properties before it is all said and done. We’re ready to help them every step of the way!
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