
Most lenders would’ve said no to this deal from the start—and walked away.
But that’s not how we do things.
A Miami developer reached out to us recently. He was mid-project and running low on capital. Traditional financing options weren’t cutting it. But he had a few things going for him:
A couple of lots owned outright
Small first & second morțgages on his primary residence
A time-sensitive need for flexible funding
While most lenders will not touch primary residences—or consider third-position loans—we made it work.
We structured a blanket loan, took a 1st on the lots, and a 3rd on his primary.
No credit checks.
No income verification.
Just common sense lending—and we closed it quick.
Deal Details:
Blanket Loan, Miami, FL 33150
Total Ioan: $730,000
Combined Collateral value: $4,210,000
Term: 24 Months
Leave A Comment