One of their customers bought in 2012 in Charlotte, NC, and borrowed $600,000+ from Bill and Wendy.
He got the house under contract. He did some renos. The buyer backed out. The borrower was stuck with a house. The prices of nearby houses continued to increase in value.
His loan needed to be extended and his loan rate went up 2 points.
In the end, he sold the house by $20,000 more than he expected. So after a lot of stress, he had made a profitable deal.
The fund investors were protected, regardless of what happened.
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
