Recent Deals
Our most recent deal:
October, 2011
Kingslin Capital Funds Timberland Parcel
Challenge:
A borrower was referred to Kingslin from a local bank. The borrower had a property under contract and needed the full purchase price to close. The property was timberland with an unfinished home.
Solution:
Kingslin was able to secure funding for the client in 14 days. We were able to look at the real value of the property not the purchase price.
Other Recent Deals:
- Financed, July 2011:
2 Manufactured Home Parks $1,118,000.00
A large multifamily investor with nine properties needed to refinance two manufactured home parks. The note had matured & the existing lender would not extend. The owners had some unforeseen challenges that prevented them from managing the parks as closely as before, occupancy was below 80%. Borrowers also have impaired credit & cash flow.
Kingslin Capital funded & brought in professional management to reduce vacancy & increase cash flow. In addition, Borrowers signed up for Kingslin Capital’s “Get Well Program TM” with a goal of getting bank financing within two years.
- Funded June 2011
30-lot subdivision $755,648.00
A group of investors had a bank loan on a 30 lot residential subdivision. The group had strong interest from individual buyers to purchase lots. The bank would not allow the lots to be sold individually. The investors needed to sell individual lots to get a higher sales price and pay off the bank.
Kingslin Capital’s solution was to arrange a loan of $755,648.00 to pay off the bank and allow the investor to sell individual lots.
