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.

Fix and Flip Loan Example 1

Single-Family Fix & Flip Loan

March Highlight

Washington, DC

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.

Fix and Flip Loan Example 2

Single-Family Fix & Flip Loan

March Highlight

Willow Spring, NC

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.

Fix & Flip Loan Example 3

Single-Family Fix and Flip Loan

March Highlight

Jacksonville, PA

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.

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