March Loan Highlights

See examples of LYNK Capital’s successful loans from March, 2019. Included are fix and flip projects in North Carolina, Florida, and Washington, DC.

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.

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.

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.

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.

Our Lending Experts are Here to Help

Thinking about a new project? Ready to get an approval? We want to make your life easier with our flexible process and knowledgeable staff. Get started with our online pre-approval and you’ll be one step closer to a fast closing.

May Loan Highlights

See examples of LYNK Capital’s successful loans from May, 2019. This month we’re featuring new construction loans for both single-family and multi-unit properties in Delaware and North Carolina.

This month we’re featuring successful new construction projects in our portfolio. In addition to fix and flip loans, LYNK Capital provides a variety of lending options for new home builders. Are you a builder looking to grow your business? Give us a call! In the meantime, here are some examples of new construction loans we’ve closed.

Single-Family New Construction Loan

MAY HIGHLIGHTS

Charlotte, NC

The borrower (@WitteHaus) is using the construction loan to build a single-family residence in Charlotte’s urban core. This award-winning builder is building an innovative, energy efficient home with a construction budget of $250,000. LYNK Capital is providing total financing of $238,000. This is the borrower’s first deal with LYNK and we look forward to more!

Single-Family New Construction Loan (4 Homes)

MAY HIGHLIGHT

Charlotte, NC

The borrower (@CityViewTerraces) will is using the construction loan to build four single-family homes. The borrower purchased an existing lot and reconfigured the plan to permit higher density. The borrower’s total construction budget is $920,000 and LYNK Capital is providing total funding of $1,500,000. This is the borrower’s fourth project with LYNK and we’re pleased to continue contributing to his success.

Multi-Unit New Construction Loan (6 Units)

MAY HIGHLIGHT

Townsend, DE

The borrower (@Landmark-Homes) is using the construction loan to build six town homes in an up and coming neighborhood. The construction budget is approximately $750,000 and LYNK Capital is providing total funding of $786,000.

Our Lending Experts are Here to Help

Thinking about a new project? Ready to get an approval? We want to make your life easier with our flexible process and knowledgeable staff. Get started with our online pre-approval and you’ll be one step closer to a fast closing.

January Loan Highlights

See examples of LYNK Capital’s successful loans from January, 2019. Included are fix and flip projects in North Carolina, Florida, and Washington, DC.

2019 is off to a great start! With the new year came a new batch of borrowers eager to get their construction projects underway and start building wealth. Here’s a look at some of the recently funded new construction and fix and flip loans from last month, highlighting projects closed in North Carolina and Pennsylvania.

Single-Family New Construction Loan (2 Units)

JANUARY CLOSING

Charlotte, NC

The borrower will use loan funds to build two new-construction single-family residences in a suburban neighborhood. The lots was acquired for $47,900 each and the borrower will build with a total budget of $560,000. At completion, the properties are expected to be worth $980,000.

Single-Family New Construction Loan

JANUARY CLOSING

Chalfont, PA

The borrower will use loan funds to build a new-construction single-family residence in a suburban neighborhood. The lot was acquired for $483,333. The borrower has completed approximately $330,000 of prior construction and the has a remaining budget of $350,000. At completion, the property is expected to be worth $1,439,000. The borrower has also pledged a 33-acre parcel of land as additional collateral.

Single-Family Fix and Flip Loan

JANUARY CLOSING

Philadelphia, PA

The borrower will use loan funds to renovate a single-family residence in a suburban neighborhood. The property was acquired for $475,000. The borrower will complete approximately $15,000 of renovations, at which time the property is expected to be worth $665,000.

Our Lending Experts are Here to Help

Thinking about a new project? Ready to get an approval? We want to make your life easier with our flexible process and knowledgeable staff. Get started with our online pre-approval and you’ll be one step closer to a fast closing.