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Last Minute Financing Secures Investor Funding

A developer wanted to purchase an investment property that was in foreclosure from the bank. While the client had equity in property and businesses, he had no cash available. He required funds for the full purchase price within 10 days to get the deal. Bank financing approval was going to take 6 – 8 weeks with multiple appraisals and other onerous conditions. Rene reviewed and approved the deal in the same day by taping his own exclusive funding, enabling the client to purchase the property.