PCC worked with an experienced borrower on a rehab project in Barrington, RI, with a plan to sell the home within 12 months.
Loan Details
Property Type: Single Family Residential
Loan Type: Hard Money
Loan Amount: $475,000
LTV: 80%
Closing Timeline: 21 days
The Challenge
The borrower needed to complete the rehab and put the home on the market within 12 months, after previously running into trouble getting financing from a bank.
The Solution
With the borrower’s experience and her loan relationship with PCC, we gave her exactly what she needed to complete the project. Where the bank wouldn’t, PCC said “Yes!”
When Your Bank Says “No.”, PCC Says “Yes!”
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