National Private Lending recently closed on a $220,000 Fix and Flip Loan in New Orleans, LA 70125
New Orleans, LA – National Private Lending, a Nationwide Private Money Lender, is pleased to announce one of our most recent funding Fix and Flip Transactions of a $220,000 Fix and Flip Loan secured on a single-family home in New Olean, LA. The client has completed a full renovation of the property before listing it for sale, located at the shady tree line Napoleon wellness path, Fontainebleau and Ferret Corridor in New Orleans, Louisiana.
Christian Arce at National Private Lending remains busy funding traditional Private money fix and flip loans. In this loan scenario, our client had requested a Proof of Funds Letter to submit with their offer. The listing agent had used NPL's to close on another transaction, and knowing how quickly we could fund, chose our client’s offer.
National Private Lending, Hard Money Fix, and Flip Loan were structured to fund 90% of Purchase Price and 100% of renovation costs. The funds were disbursed to the Borrower over the course of five pre-determined draws. The hard money renovation draws are typically released within 24 hours of receipt.
Our Nationwide Private and Hard Money Loan was a win-win-win for the seller who wanted to close quickly, our client who purchased another property, and the listing and selling agents who closed on the sale fast!
About National Private Lending
National Private Lending is a Nationwide Private Money Lender and Hard Money Lender that specializes in funding Residential and Commercial Fix and Flip, Rental, Construction, and Bridge Loans. As a direct private money lender, we offer aggressive financing options and typically close our transactions in less than 7 business days from approval. We work directly with real estate investors and property owners as well as real estate agents, mortgage brokers, and other real estate professionals.
Contact Christian Arce at National Private Lending today at (847) 220-7247 with your loan request or visit NationalPrivateLending.com to learn more about our private money lending programs as well as our hard money lending programs.