Palmdale, CA – $233,000

Bridge Loan Refinance

This was a highly creative loan we structured for our client. Initially, the client wanted to do a VA cash-out refinance to pay off debt and complete home improvements. However, due to some lingering credit issues, he couldn’t get approved.

We worked closely with the client, conducting conference calls, contacting his creditors, and negotiating reduced payoffs for several outstanding collection accounts. We funded the loan, paying off all his creditors, and the client received $25,000 in cash for his home improvements. Shortly after funding the bridge loan, the client’s FICO score significantly increased, allowing them to achieve their initial goal of refinancing into a VA loan.