Today our borrowers paid off the $170,000 loan we funded for them several months ago when they purchased this property. Today they made a tidy profit selling the home to a new homeowner. Success. Silverstream Funding held a 1st lien on the property during the term of the loan.
Borrower had a previous loan that was coming due, so we were able to jump in to refinance the project while it was being completed. Borrower later refinanced to a long-term financing option.
Two friends came to us to fund their first flip. They started with a property in disrepair and made it into one of the cutest properties in the area while making a great profit. This pair continues to come to us for their flip projects.
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