by Katherine Santiago
This past month of May, DLP Direct Lending Partners had one of its most successful months ever, with a loan closing volume of about $9 million and over $9 million in Preferred Lines of Credit. In total, DLP Direct Lending Partners provided borrowers with $18,323,408 in funds for their investments.
We certainly showed our versatility in funding options in the month of May. Our closings included financing for Fix and Flips, acquisitions, new construction, and multi-family bridge. These loans were funded across numerous states including Alabama, New Jersey, Pennsylvania, Louisiana, West Virginia, Connecticut, and Georgia. We also closed loans of all sizes, including one residential rehab portfolio of $2.4 million, a multi-family bridge loan of $2.75 million, and a Preferred Line of Credit for $5.25 million.
In the month of May, Direct Lending Partners truly showed its ability to help real estate investors with its competitive and versatile funding capabilities.
Are you an investor looking for a reliable source of capital? Let’s discuss your options.