Recent Fundings

Just Funded – Buddhist Temple in Los Angeles, CA

  • Loan Amount: $2,500,000
  • Property Type: Commercial
  • LTV: 46%
  • Rate: 13%
  • Referral earned: $51,500

PROBLEM: Fractured construction, Buddhist Temple, Non-Profit Entity, No Credit Rating, Mechanic Lien Issues. The deal was shopped around for a month.

SOLUTION: Inbanet recognized the unique structure of this asset. We mitigated a mutual resolution with the title and contractor. Inbanet funded this loan within 17 days.

Just Funded – Palm Springs High Leverage Luxury Flip

  • Loan Amount: $1,900,000
  • Property Type: Residential
  • LTV: 90% with 100% Rehab
  • Rate: 8%
  • $500k Rehab (No interest charge until drawn)
  • 2 Points

SUMMARY: The borrower had loan docs in Escrow from other lenders, but their funding conditions were unrealistic, and the borrower could not comply. The clock was ticking and per diem was already on. INBANET came through with understanding, creativity and made borrower’s experience a huge compensating factor that others failed to do. Palm Springs funded in 11 days and Palo Verdes in only four days! Give us your fix and flip loan, and we will fund it with the highest leverage possible.

Just Funded – Palo Verdes High Leverage Luxury Flip

  • Loan Amount: $1,350,000
  • Property Type: Residential
  • LTV: 90% with 100% Rehab
  • $225k Rehab (No interest charge until drawn)
  • Rate: 8.5%
  • 2 Points

SUMMARY: The borrower had loan docs in Escrow from other lenders, but their funding conditions were unrealistic, and the borrower could not comply. The clock was ticking and per diem was already on. INBANET came through with understanding, creativity and made borrower’s experience a huge compensating factor that others failed to do. Palm Springs funded in 11 days and Palo Verdes in only four days! Give us your fix and flip loan, and we will fund it with the highest leverage possible.

Just Funded – 9 Condos

  • Loan Amount: $1,525,000
  • Property type: Condominiums
  • LTV: 56%
  • Rate: 10.75%

SUMMARY: Repeat Borrower was in an ongoing foreclosure on nine properties in a Probate. INBANET did it again and saved the borrower’s equity and properties without any appraisals.

Just Funded – 9 Fix and Flip Properties. Single family residence.

  • Loan Amount:$1,480,000
  • Property Type: Residential
  • LTV: 80%
  • Rate: 10.5%

SUMMARY: It was a time sensitive deal. The lender who approved the loan wanted to do appraisals on all properties. The borrower would have lost his EMD. INBANET funded the loan with no appraisal at 80% LTV.

Just Funded – Single Family Residence Fix and Flip in Los Angeles

  • Loan Amount: $515,000
  • Property type: Single Family Residence
  • LTV: 80%
  • Rate: 9.99%

SUMMARY: Repeat borrowers who keep coming back because of our outstanding service. Fast funding, low fees, and happy borrowers. INBANET takes excellent care of our repeat clients.

Just Funded – Condo in Long Beach

  • Loan Amount: $910,000
  • Property Type: Condominium
  • LTV: 76%
  • Rate: 9.25%

SUMMARY: It was a time-sensitive deal. Full Doc Lender could not fund the loan due to many funding conditions. INBANET funded the loan in 3 days with no conditions and no appraisal.

Just Funded – Fix and Flip in Ontario, CA

  • Loan Amount: $576,000
  • Property Type: Single Family Residence
  • LTV: 90%
  • Rate: 9.75%

SUMMARY: The borrower was looking for 90% LTV for a fourplex and had to close in 2 days. The competition lender was pressured to close with 15% down. INBANET quickly inspected the property and funded the loan in 2 days with only 10% down and no appraisal.

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