HMB recently lent on this row house in SE Washington, DC. The client was purchasing the house for $278,000 at a foreclosure sale with plans to fully renovate it and resell it around $500,000. HMB financed 80% of the purchase price and 100% of the renovation costs. The loan term was 1 year but this client will probably finish renovations and resell it before that.
Hard Money Bankers, LLC
10015 Old Columbia Rd, Suite H-125 Columbia, MD 21046
800.883.8290 | info@hardmoneybankers.com
All Rights Reserved. Hard Money Bankers, LLC makes commercial, business purpose loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. This is not a commitment to lend. All loans are subject to borrower underwriting and credit approval, in Hard Money Bankers sole and absolute discretion.
800.883.8290