+1-215-515-6966
info@fairmountfunding.net
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+1-215-515-6966

info@fairmountfunding.net

fairmount logo 01
Apply Now

Recent Closings

Our rates and terms are closer to those of a bank than a hard money lender. We make 15 year loans with no lockout clause and no prepayment penalty.

Speak with a Local Lender

Most Recent

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Funded

Summary:  This was a repeat borrower who bought his 7th property this year and wanted to add to his portfolio.
Location:  New Jersey
Deal Terms:  12% 3 pts, 100% of acquisition and construction funds. 
Loan Amount:  $285,000 
Outcome:  Borrower should have roughly 16 doors and $100k in equity after we refinance him to a DSCR, 30 yr fixed rental loan.
Notes:  Borrower had an unexpected expense that pushed his credit score down and we granted an acceptation to qualify at the top credit tier.
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Funded

Summary:  This was a borrower who got a TERRIBLE appraisal from a broker and asked us to help.
Location:  New Jersey
Deal Terms:  8.5% 1 pts, 80% Rate/Term Refinance to Pay off Hard Money Lender. 
Loan Amount:  $185,000 
Outcome:  Borrower got the correct numbers and his deal closed within 3 weeks.
Notes:  The Borrower was facing an expensive extension with his hard money lender.  We helped him avoid that.
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Funded

Summary:  This was a repeat borrower who bought his 7th property this year and wanted to add to his portfolio.
Location:  Delaware
Deal Terms:  13% 1 pts, 90% of acquisition and 100% of construction funds.  
Loan Amount:  $175,000 
Outcome:  Borrower was looking for a national solution since his current lender couldn’t offer financing in all the states he operates in.
Notes:  The borrower had a nice deal and we had a smooth closing.  Looking forward to doing more business!!
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Funded

Summary:  This borrower had to close in less than 2 weeks. Although we missed the 2 week deadline, we got it done.
Location:  New Jersey
Deal Terms:  90% Purchase/100% Rehab
Loan Amount:  $189,700 
Outcome:  The borrower had a few appraisal issues with another lender, but we still got it done.
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Funded

Summary:  This borrower had to switch lenders at the last minute.
Location:  New Jersey
Deal Terms:  70% LTC
Loan Amount:  $87,500
Outcome:  Closed within the time frame required by the agent.

Funding your next investment property
should not take months of your time.

Fairmount makes it easier than ever to skip the bank lines and get the private funding you need, when you need it.

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