Behind this southern gem of a property was an experienced real estate agent who leaned on CIVIC for their very first flip!
Interestingly enough, the majority of the borrowers real estate and broker business is with INVESTORS, so they had the very unique vantage point of experiencing the inner workings of other lenders transactions. They put their confidence in CIVIC, and we did not disappoint. Not only did CIVICs bridge loan help with a swift acquisition, but the $80K rehab budget was financed through CIVIC as well. One of the biggest value-adds for the client was that they were also able to leverage our partnership with the Home Depot® (due to the rehab component) saving even more on the rehab, and allowing for an even greater return on the flip.
When the loan process was complete, the investor found the CIVIC process to be much smoother than deals they had previously facilitated with other lenders while serving as a real estate agent. The experience made for a happy client, who has now turned into a great referral partner as well. Having partnered with one of our brokers, the investor had the right team, and the right financing, in place to make their first flip a success!