March Loan Highlights

Spring is a great time to sell houses, and we’re seeing borrowers successfully sell properties throughout our portfolio. Below are some examples of loans that paid off in March. Included are fix and flip projects in North Carolina, Florida, and Washington, DC.

The borrower used the fix and flip loan to buy a single-family house for $155,000 and complete approximately $25,000 of renovations. The project took less than four months to complete and the house was re-sold $228,000. LYNK Capital provided total funding of $149,000.

The borrower used the fix and flip loan to buy a single-family house for $355,000 and complete approximately $70,000 of renovations. The project took seven months to complete and the house was re-sold $550,000. LYNK Capital provided total funding of $405,000.

The borrower used the fix and flip loan to buy a single-family house for $215,000 and complete approximately $75,000 of renovations. The project took approximately a year to complete and the house was re-sold $385,000. LYNK Capital provided total funding of $238,000.