Borrower well known to PBC, needed to refinance their current loan due to the lender’s inability to refinance. PBC refinanced the loan within three weeks of being contacted.
PBC offered a first mortgage on an investment SFR fix/flip transaction. The investor sought an acquisition and rehabilitation loan, which PBC funded the entire request. The loan acquisition was 90% of the purchase price and the rehabilitation budget.
PBC provided a cash-out refinance on a mixed-use property consisting of two commercial and 10 residential units.
PBC provided the refinance and rehab capital to a real estate investor repositioning SFR’s damaged by Sandy. The mortgage was collateralized by multiple properties.
New borrower of PBC’s was acquiring a SFR for a fix and flip. PBC provided 90% of the acquisition and 55% of the rehab costs.
Repeat borrower of PBC’s needed to refinance existing debt, which included an outstanding judgement, and PBC extended a one-year loan.
Refinanced an investment condominium for a three-year term. Borrower needed to stabilize their current financial situation in order to obtain future permanent financing.
New borrower to PBC sought a fix and flip loan on an investment property in the Carrol Gardens section of Brooklyn. PBC provided 80% of the acquisition and 50% of the rehabilitation capital. The investor intends to convert a single-family residence back into its original use, a two-family residence.
Repeat borrower of PBC acquired a two-family residence. The purpose of the acquisition was to rehab the property and sell it upon completion (fix and flip). PBC lent 90% of the acquisition and rehab capital.
Repeat borrower of PBC was purchasing a five property portfolio with the intention to fix and flip all of them. PBC funded the acquisition and the rehabilitation debt and met the Time of the Essence deadline.
Repeat borrower of PBC acquired an investment SFR for a fix and flip opportunity from a loan servicer. PBC extended 90% LTV acquisition financing and the rehab budget. The borrower intends to market the property for sale upon the completion of the renovation.
Longtime borrower known to PBC is acquiring a six-family property in Atlanta, Georgia for a fix/flip investment. PBC made the loan on the entire debt stack.
PBC made a mortgage loan for a local contractor to acquire and rehabilitate (fix and flip) a single-family investment property in Carmel, New York.
Borrower was acquiring a REO from the City of Newark and requested acquisition and rehabilitation funds for a fix and flip of the property. PBC provided the loan and assisted the borrower in navigating the bureaucratic issues that came along with this transaction.
Repeat borrower of PBC sought refinance of a current loan held by PBC in order to raze and construct a new single-family home for an investment (fix and flip). PBC provided the initial funds to refinance the original loan and provided the construction loan for a two-year deal.
PBC funded the entire capital stack for a fix and flip opportunity of a single-family residence. The borrower required debt and equity and is well known to PBC.
PBC provided the capital for the acquisition and rehabilitation on an investment property for a repeat borrower.
Pepe/Berard Capital provided the capital for a refinance and proceeds were used to pay past real estate taxes.
Cash-Out refinance for a nine-family property, fully occupied, within close proximity to the campus of the USMA. Repeat borrower of PBC.
An experienced real estate investor, but new borrower to PBC, requested the acquisition and renovation financing of a SFR in the Albany area. PBC funded the requested debt on the project and the borrowers are going to market the sale of the property upon completion of the project.
Repeat borrower was seeking acquisition and rehabilitation financing for an investment SFR. PBC funded the entire capital stack and exit strategy is to sell the property upon completion of the rehabilitation.
PBC was approached by a repeat borrower to fund the acquisition and expansion/conversion of a SFR into Two-Family residence. PBC funded the entire debt requirements and borrower will market the property for sale upon completion of work.
PBC provided the capital for a cash-out refinance of a portfolio of six Single-Family Residences being held as an investment. A release provision has been provided in the mortgage to permit the borrower the flexibility to sell individual units.
PBC funded a cash-out refinance and provided the rehabilitation financing for a single-family investment property. Borrower is an experienced investor and a longtime client of PBC.
A new borrower to PBC, who is a contractor, was in the midst of renovating a SFR and sought a cash-out refinance and additional renovation funds for the completion of the project.
Longtime borrower of PBC sought financing on a new fix and flip project on Staten Island. PBC provided 80% of the acquisition and 100% of the rehabilitation costs.
PBC provided the refinance and rehabilitation capital for a mixed-use property. Borrower is converting the second floor into residential use as they continue to operate the ground floor as commercial space.
PBC provided a repeat borrower with a cash-out refinance and rehabilitation funds for a fix and flip. The borrower acquired the asset, all cash, at a government auction.
PBC financed a new fix & flip with a repeat borrower who is an experienced borrower.
Full time investment group acquired a three-story brownstone and will perform a full, high-end, rehabilitation of the property. PBC finance the entire transaction within 10 days of receiving application.
Refinanced a SFR for an investor within 14 days of application. Consolidated outstanding debts affixed to the property.
PBC provided take-out financing to an estate to settle a foreclosure and to avoid bankruptcy. Property is to be renovated and sold.
PBC financed the acquisition and rehabilitation loan for the acquisition of a three-family property. Borrower is a repeat borrower of PBC’s and an experienced real estate investor.
Provided the capital for a refinance of a three-family residential property. First-time borrower of PBC.
PBC provided the capital to a borrower for a refinance and additional funds to complete a full renovation of a condominium unit in the Chelsea section of Manhattan. PBC closed the deal within 14 days of receiving application.
Repeat borrower of PBC required rehabilitation financing for a single-family investment property (fix/flip). PBC funded the rehab with flexible terms.
PBC provided a cash-out refinance for a recently renovated singe-family residence. The property is an investment and will be offered for sale within a month of closing. Borrower is a longtime borrower with PBC and an experienced investor.
PBC closed a cash-out refinance within two weeks of receiving file. Borrower needed funds to purchase a new property in Florida. Exit strategy is to sell the CT property.
Provided a cash-out refinance to a repeat borrower. Proceeds are being used for another purchase which PBC will be the lender on that transaction.
Provided the construction financing of a new single-family residence to a local developer known to PBC.
PBC provided the capital for the short-sale of a single-family residence. The borrower is an experienced investor and repeat borrower of PBC. The exit strategy is to rehabilitate the property and an eventual sale (fix and flip). PBC extended the acquisition and rehabilitation financing.