A major transformation of a shotgun-style house in Houston's East Side added a quality, affordable residence to this improving area. Opportunity The borrower purchased a 1930s-era house that was essentially unlivable and structurally unsafe, seeing the opportunity to transform it into not only an almost completely new and affordable property but also a residence that [...]
Renovations to an untended home in a desirable neighborhood of Portland, Oregon, yielded significant ROI. A single-family home in a desirable neighborhood of Portland, Oregon, was priced far below market value because it sorely needed rehabbing. The home matched the average age of other homes in the area. An experienced borrower saw the 1,200-square-foot, 2-bedroom, [...]
Here’s how one Maine entrepreneur is building affordable housing for his community and changing perceptions one house at a time. With funding Toorak Capital Partners provided, a 22-year-old developer in Maine has used $1.4 million across five loans to rehabilitate, improve, and deliver affordable homes for 12 families in Westbrook, a suburb 7 miles west [...]
Borrower sought short-term bridge loan for massive renovations; refinanced with 30-year mortgage later. A single-family residence in Glenn Dale, Maryland, was condemned and sat vacant for nearly a year after a fire on November 5, 2018. It was finally purchased on October 15, 2019, and the borrower sought a bridge loan from Pimlico to address [...]
Communities are revitalized at every level when private lenders invest in affordable housing. The need for more affordable housing in the U.S. could not be more severe. There needs to be more of it—and it needs to be of better quality. According to a report from the National Association of Realtors, new housing construction in [...]
A development project near the West 7th neighborhood in Fort Worth, Texas, provides much-needed housing inventory in one of DFW’s hottest districts. The DFW area has experienced astounding growth in recent years. Companies like Charles Schwab, Toyota, and Amazon have moved to the area, and in 2020, DFW ranked first in raw population growth. The [...]
A community of furnished bungalows in the trendy Echo Park area of Los Angeles exemplifies the importance of private lending. The Echo Park area of Los Angeles is what people imagine the “LA lifestyle” is all about. Cool, trendy, and hip are just a few words used to describe it. When Anil Khera, the CEO [...]
A full remodel of a worn-out home in a popular Los Angeles-area neighborhood exceeds expectations, in spite of the pandemic. This traditional home is nestled in the San Fernando Valley region of Los Angeles, with access to great restaurants, shops, and essentials. But it was worn out and in desperate need of a modern touch [...]
A hard-working military veteran renovated an 8-unit multifamily property in the FEMA Flood Zone X region of New Orleans. The dilapidated property was purchased in May 2018 as an investment property. The vision was a straightforward fix-and-flip. Renovation began shortly after the purchase. As with many fix-and-flip projects, significantly more items needed repair than first [...]
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Nominations are open until August 30, 2025, with voting from September 9-30, 2025. We’ll announce recipients at our Annual Conference.
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See past award winners, award rules, and participate in the 2025 nomination and voting process here.
Grand Prize – Custom Championship Belt & VIP Admission to Power Room event in St. Augustine, FL (February 27th – March 1st, 2023)
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3rd Place – 1 year AAPL Individual Membership
