The Contractor Vanished (But the Deal Didn’t)
When a flip in Texas started to fall apart, smart structure brought it back from the brink. Jet Lending funded a flip of a single-family home in Ingleside, Texas. It was appraised at $216,000, with a rehab budget set at $70,000. The investor issued a loan for $116,640. On paper, everything was penciled out. The [...]