Leading Hard Money Lender Makes a “Cash Out” Deal to Help Fund New Netflix Series —
Leading hard money lender, Riverdale Funding, LLC, announced today a new loan closure at $228,000 for a condo in Pikesville, MD. The “cash out” deal will support the borrower as he develops a new Netflix series, scheduled to air in the summer of 2016.
“We are always happy to assist individuals in the financing of their projects,” says Joe Hughis, Vice President of Riverdale Funding, LLC. “In this case, the borrower had made some real estate investments that we were able to leverage while he continues production on his television series.”
Riverdale Funding, LLC provided a 56 percent LTV ratio on the $405,000 property. Because the company is a direct lender, all funds were transferred swiftly and without the inconvenience associated with credit checks and financial histories.
The borrower, whom is contracted by Netflix, plans to repay the loan with the proceeds and merchandise to be acquired once his series’ production closes.
About Riverdale Funding, LLC.
For more than 35 years, Riverdale Funding, LLC has specialized in a variety of nontraditional commercial loans for real estate investors, builders, and developers throughout the United States. As a trusted private hard money lender, Riverdale Funding, LLC bases all decisions strictly on the value of the individuals’ real estate assets, rather than based on credit reports and financial histories. Loan decisions are made quickly and independently, ultimately providing loans tailored to individuals’ distinct financial needs.
For more information, please visit https://www.riverdalefunding.com.
Release ID: 91134