Recent Funding Deals

$180,000 Funded for a Single-family Renovation in Philadelphia, PA

DLP Direct Lending Partners was the preferred lender for an experienced flipper from Brodie LLC. We provided 90% of the funds they needed to purchase the property, as well as complete the necessary renovations.

 

When renovations were successfully completed, the value of the property increased from $80,000 to $305,000 and the borrower sold the property.

$456,000 Funded for a Single-family Renovation in St. Petersburg, FL

DLP Direct Lending Partners provided an experienced home builder from TB Roofing and Construction LLC with funds totaling $456,000.

 

As a result of the loan, the borrower divided the property (pictured above) into three parcels and built three homes under our SFR Bridge Loan and sold all three for a total of $765,000.

$3.481MM Funded to Transform a Warehouse into 23 Luxury Apartments in Bethlehem, PA

DLP Direct Lending Partners worked with two investors from Matador Holdings LLC who were in need of quick funding on their upcoming real estate project located on the north side of Bethlehem, Pennsylvania. After closing expeditiously, the investors began the renovation process shortly after.

 

“We were dealing with a 1031 exchange and we needed to be able to move fast and work with a lender who understood the complexities of the financing. Direct Lending Partners provided us with flexibility and speed. Everyone we worked with was great.” – Garrett B, Matador Holdings LLC

Their acquired distressed warehouse plans include $3 million in renovation costs, positioning the value of the property at $5.4 million once renovations are completed.


Are you looking for fast and reliable real estate funding? Let’s discuss.

Contact:

Craig Yarnell

800-350-8061

CYarnell@directlendingpartner.com

$1.4 MM Funded for a 56-unit Multi-Family in Chattanooga, TN

Direct Lending Partners recently worked with new investors who were anticipating the acquisition of Pinewood Apartments in West Chattanooga, Tennessee. Prior to consulting with DLP 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 to $2.2 million.

 

Are you looking for fast and reliable real estate funding? Let’s discuss

Contact:
Nader Hack
484-403-1539 (office)
518-536-4008 (cell)
Naderhack@directlendingpartner.com

 

2838 N 2nd St, Harrisburg, PA

Funding Details

Loan Amount: $144,000

Closing Date: December 13, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

2004 Pershing St, Durham, NC

Funding Details

Loan Amount: $328,500

Closing Date: December 11, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

27 N 13th St, Easton, PA

Funding Details

Loan Amount: $79,975

Closing Date: December 4, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

109 Tulip Trail, Tobyhanna, PA

Funding Details

Loan Amount: $91,000

Closing Date: November 29, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

3330 16th St, N. St Petersburg, FL

Funding Details

Loan Amount: $200,000

Closing Date: November 22, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

816 Scenic Dr, Charleston, WV

Funding Details

Loan Amount: $73,598

Closing Date: November 3, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

719 Swan Ave, Charleston, SC

Funding Details

Loan Amount: $169,000

Closing Date: October 30, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab

55 Highland Ave, Sicklerville, NJ

Funding Details

Loan Amount: $47,920

Closing Date: October 13, 2017

Type of Property: Single-family Home

Type of Loan: Acquisition & Rehab