Borrower Success Stories
A property investor in Salem, Oregon, found himself in a tough spot. A few years prior, he had purchased an aging rental property through a seller-financed contract. Seeing its potential, he poured hard work and capital into remodeling the home, transforming it over time into a well-maintained, high-performing rental generating steady monthly income.
However, a new challenge had arisen. The original seller carrying the contract now needed to be paid off in full. Our borrower turned to conventional lenders for refinancing but quickly hit a wall. The home was originally built prior to 1940. And despite the renovations that had significantly modernized the property, most traditional lenders hesitated.
That’s when we stepped in.
Seeing the Potential: Rental Property Refinance
We assessed the rental property and saw what the banks couldn’t: a thoughtfully updated asset with strong rental income, responsible management, and long-term potential. The extensive remodeling work had effectively reset the home’s condition and market value.
Understanding the borrower’s vision, financial goals, and investment strategy, we tailored a private money loan to his business plan. With our help, he was able to pay off the original contract, continue growing his rental portfolio, and keep his goals on track.
Private Money Loans Bridge the Gap
This is just one of many examples where private money lending can bridge the gap for responsible investors when traditional financing falls short. At Gregory M. Russell Private Money Lending, we don’t just look at numbers—we look at people, plans, and potential.
More Investor Success Stories
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