$350,000.00 second mortgage secured by 2 properties, a single family residence and a commercial structure. The funds were used for business purposes. This loan will be repaid once one of the properties is sold. Other lenders would not do this on a 2nd position and also had a problem with the property insurance.. Flintstone did, and with non-traditional insurance coverage.
$600,000.00 1st mortgage on 2 separate commercial properties. The purpose of the transaction was to purchase another property adjacent to his existing business. By using his additional collateral, his investment capital was limited and now gives him the proceeds to do the improvements needed to optimize his company’s profits. Other lenders could not handle this transaction in a timely manner, jeopardizing his large escrow deposit. Flintstone closed it on time.