Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
08/25/2025
Property Type
Property City
Ashland
Property State
MO
Loan Term (months)
6
Lien Type
1st Trust Deed
Payment Type
Interest Only
Purchase Price
$185,000
Loan-to-Purchase Price
84%
Borrower's Contribution to Purchase
16%
Source of Borrower's Contribution
Cash
Renovation Budget
$30,000
Renovation Budget Funded
100%
Borrower's Contribution to Budget
0%
After-Repair Value
$265,000
Loan-to-After-Repair Value
70%
Renovation Project Scope
Cosmetic
Location Type
Suburban
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Good
Interest Rate
12.5%
Origination Points
2.5%
Deal Summary
Minnow Loan, a local Missouri direct private lender, funded a $185,500 fix and flip loan for a single-family home in Ashland, MO. We funded 100% of the $30,000 renovation budget and 84% of the $185,000 purchase price, while the Borrower contributed 16% cash at closing. The after-repair value was estimated at $265,000, so our loan-to-value was 70%. This deal was for a repeat Borrower we have worked with extensively over the past year. The Borrower, who is also a listing agent, had this property on the market for his clients, but it wasn’t selling because it was cluttered with belongings and needed minor repairs. The Borrower proposed purchasing the property himself and brought the terms to us, and we worked with him to structure an offer that made sense for both sides. We closed a few weeks later, and the Borrower has begun renovations. The home only needs light cosmetic work and will be re-listed within the next 60 days. The Borrower had good credit. They plan to sell the property upon completion of the cosmetic rehab. The interest rate was 12.5% and we charged 2.5% origination points. The loan term was set at 6 months. This fix and flip loan was funded in August 2025.
Funded By
Minnow Loan
Your Deal. Our Money.
Dealmakers
Shelby Reed
Co-Founder