$150,000 Rehab Loan for a Condo in Florida

LoanBase secured funding for a condo rehab project in Florida despite pending litigation against the Home Owners Association. The investor planned an extensive remodel including the kitchen, bathrooms, and new LVP flooring throughout the unit. The loan was complicated by a claim against the HOA by its insurance company, which gave the lender pause. However, LoanBase was able to communicate directly with the HOA and secure enough information regarding the legal case to put the lender at ease and move the loan forward to closing.