Renovation Pennsport
Use of loan: renovation
Term: 9 months
Loan amount: $90,000
Loan to value: 30%
An aspiring real estate developer identified an opportunity to purchase, renovate and sell the property. Borrower’s credit was good, had enough equity, and the economics of the deal were great. Unfortunately, due to his inexperience, traditional banks would not consider his application. Bluebird took a hands-on approach and worked closely with the borrower to ensure a successful outcome for both the developer and bluebird.