Direct Lending Partners recently worked with new investors who were anticipating the acquisition of Pinewood Apartments in West Chattanooga, Tennessee. Prior to consulting with Direct Lending Partners, the investors were working with a lender who could not fund or approve their loan at the last minute. With only three weeks left to close on their deal, the investors were at risk of losing their deposits. Focusing on our clients and the time-sensitive opportunity they were presented with, Direct Lending Partners was able to provide a fast-turnaround and close on the loan ahead of schedule– in only 15 days.
Once renovations are completed, the after repair value (ARV) on the property is expected to increase from $1.9 million to $2.2 million.
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