Views from the Rock

It’s not easy to find funding for a deal that’s mid-construction and struggling with a partner dispute, but we were able to do it. We were able to provide a $1.14 million loan to the remaining partner to complete the project. Once finished, it should sell for $1.7 million. Reach out if we can help you with your new construction project.

Talk about a winning deal. This home was purchased for $220,000 in early 2024. It was gut renovated at a cost of around $200,000. Last month it sold for $700,0000!! Our loan of $200,000 helped make this home run of a deal happen.

The only thing we like better than welcoming a new client is seeing them successfully complete a project. This one took a while – but as you can see from the pictures it was worth the wait.

Purchased for just under $400,000, it underwent a complete renovation costing around $200,000. It sold last month for $960,000 – our loan of $485,000 helped make this transformation possible.

There’s no better endorsement than a client referring us to their friend – which is what happened in this case.

The result – a $𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐥𝐨𝐚𝐧 for a property that will be worth $2.3 million once it’s completed. Purchased for just under $900,000, the property will undergo a renovation of around $200,000. That should net a profit nearing seven figures.

New construction remains popular, and our financing product continues to be in high demand. This Florida land was already owned by the borrower, so we funded the construction budget of roughly $275,000. Can’t wait to see what it looks like when it’s finished.

These partners are moving through the Hudson Valley, racking up one winning deal after another.

This little home was purchased for $330,000 in September. It only took a few months to complete a $50,000 renovation and the property recently sold for $440,000. A quick profit – and on to the next one. Our loan of $280,000 helped make the deal happen.

These partners are blazing their way through New Jersey, racking up one winning deal after another. This property was purchased in December for $720,000. They completed a gut renovation and reconfiguration costing $200,000 in just 3 months. It just sold for $1.15 million – a pretty nice return in four months.

Our loan of $650,000 helped make this quick flip happen.

We recently provided an $825,000 loan to this experienced investor to bring this rundown townhouse back to life. Purchased for $600,000, it will need around $300,000 in work.

Once it’s completed it should fetch close to $1.2 million!

We were delighted to see our client sell this property for $1.1 million. Purchased for $600,000 just over one year ago, the property underwent a renovation costing $90,000. Do the math – not a bad profit!!

Our loan of $540,000 helped make this deal happen.

When this investor purchased this property for $187,000, it was ready for rent. We provided a DSCR loan of $131,000 at a rate of just 7.2%. Another cash flowing property in his growing portfolio.

What a way to start the year. Purchased for just $200,000 last June, this property was completely renovated at a cost of about $160,000. Last month it sold for $650,000 – netting a profit of over $200,000! Our loan of $300,000 helped make this deal a reality.

We recently shared a loan of $2.8 million for a massive renovation project – but we’re always there for smaller loans as well.

This home was purchased for $117,000 and underwent a renovation of around $85,000. It just sold for $290,000 – netting a tidy profit of about $50,000. Our loan of $185,000 helped make it happen.

Ever need some cash while your waiting for a sale to close? Our Stabilized Bridge program is built for just that.

This property is new construction. Now that it’s complete and worth $1.25 million, we were able to provide a loan of $875,000 (70% LTV), enabling the borrower to pay off his construction loan (which we provided) and have some cash to float the property for the next few months.

This seasoned investor and builder had purchased this property for $1 million. Now he was ready to build, and we helped make it happen.

The construction budget for each house was just over $600,000. The loan for each house was structured differently based on the client’s needs, but in total we funded about $2.5 million. Now that they are on the market they should sell for a combined $5 million.

On to the next one.

We love taking our clients “full circle” on deals like this one.

We helped the client acquire this property in May of last year for $150,000. After a quick renovation of around $30,000, we refinanced him into a 30 year DSCR loan of $132,000.

Another cash flowing property in the portfolio – and on to the next one.

Purchased for $425,000, this property underwent a gut renovation costing around $135,000. Last month it sold for $750,000.

Our loan of $500,000 helped this experienced investor net a profit of nearly $100,000!

Now this is the way to start off your year. These investors purchased this property in June of 2023 for just $245,000. It underwent a renovation of about $100,000 – and sold this month for $735,000!!! That’s a profit of over $300,000!

Our loan of $290,000 – including 90% of the purchase price – helped make this windfall of a deal happen.

This is a great example of how we help our clients convert a distressed property into a cash flowing rental – and get their money out of the deal.

Purchased for $175,000, this four family needed about $125,000 in renovations. Our short-term loan of $190,000 provided the financing he needed. Now that it’s completed and generating $4,500 in rent, we are able to provide a DSCR loan of $385,000 – enabling the investor to pull his money out of the deal and move on to the next one.

Most lenders will tell you that mixed use properties are not easy to fund right now, but we can still get them done on a strong deal for a strong investor. This property was purchased by a seasoned investor for $528,000. It only needs about $50,000 and once it’s completed it will be worth about $850,000. With the help of a $580,000 loan from Rock East, this investor will soon have another property to add to his rental portfolio.

Another Fix-and-Flip Investment Opportunity! ✅

Our investors are making a significant impact in Long Island’s real estate market, consistently achieving impressive returns. This property was acquired for $320,000 and underwent a comprehensive gut renovation costing $180,000. The results speak for themselves—just last month, the property was sold for $777,000!

With our strategic loan of $427,000, this successful project came to life, generating a substantial profit for all parties involved.

Staten Island is often overlooked by investors, but not by this one – who just netted another $600,000 profit.

Purchased for $436,000 in October, the client spent around $50,000 on renovations. It sold in January – less than 90 days after purchase – for $688,000!
💰Our loan of $390,000 helped make this deal happen.

We helped this contractor get started on his investment journey a few years ago, and since then he has built a rental portfolio and continues to do flips.

This month he completed another successful deal with our help. Purchased for $210,000, he put about $100,000 into renovations. Just before the end of the year it sold for $450,000 – ending the year with a nearly six-figure profit. Our loan of $278,500 helped make it happen.

This Orange County investor continues to hit them out of the park.

Purchased for $230,000 earlier last year, the property underwent a cosmetic renovation of $50,000. Earlier in December it sold for $465,000! That’s a profit of about $150,000. Our loan of $234,250 helped make it happen.

Reach out if we can help you with your next fix and flip.

As prices continue to soar, new construction projects are becoming increasingly popular.

This project sold on New Year’s Even for $690,000 – land purchase was $99,000 and construction costs was under $400,000. Our loan of $354,000 helped this investor ring in the New Year with a bang!

As we end the year, we’re so happy to take this new client “full circle” with her property. Purchased for $100,000, we provided a loan of $180,000 to facilitate a complete gut renovation of what was a vacant shell. As you can see, it underwent a spectacular renovation – complete with a dog park in the backyard! Now that it’s rented and worth $640,000 we were able to provide a DSCR loan of $480,000 to free up cash for her next investment.

We’re here to help you with renovations, new construction or DSCR loans.

When this experienced investor wanted to build three new homes on a vacant lot, he turned to Rock East. We lent him $7.6 million to construct four 10,000 square foot luxury homes. Last month he sold the third for $3.3 million – bringing the total sales for the three homes to $8.9 million! And there’s still one more to go which will bring in another $3 million.

If you need new construction financing, reach out.

Sometimes a little condo flip can bring an outsized profit. This property was purchased for $317,000 in June. After a renovation of about $45,000 it sold this month for $490,000! Talk about bang for your buck! Our loan of $312,000 helped make it happen.

Single Family, Multi-Family or Condos – Rock East is there for your financing needs.

One of the most spectacular renovations we’ve seen in a long time! This home was purchased for $600,000 one year ago. After a vertical and horizontal expansion costing around $500,000, the house sold this week for $1.375 million. Our loan of $780,000 helped make it happen.

If your lender won’t fund massive expansions like this one, give us a call.

It’s always gratifying when we take a chance on a less experienced client and they knock it out of the park. Our first loan with this client about two years ago worked out perfectly, so we were excited to finance her second project as well. We’re happy to share, same result.

Purchased for $140,000, the transformation cost about $60,000. Last week it sold for $365,000! Our loan of $200,000 helped make it happen.

On to the next one!

Always great when a new customer completes his first deal! This property was purchased for $715,000 just this summer. It needed only cosmetic TLC – totaling about $50,000. This month it sold for $960,000!! The next one is already underway.

Persistence pays off! We first met this new client about three years ago when he was beginning his real estate journey. He found ways to use conventional financing for his first two deals, and we stayed in touch along the way.

This week we helped him purchase his next property which he’ll keep as a rental. Purchased for $359,000, we provided a DSCR loan of $287,200 – 80% of his purchase price.

Welcome too the family – it was a long time coming.

This savvy Hudson Valley investor decided to venture into Queens for a deal he thought was too good to pass up – he was right.

Purchased for $545,000, the property underwent a full renovation costing about $85,000. It sold for $999,999 – less than six months after he closed on it.

Our loan of $577,000 helped make this home run of a deal happen.

What a way to welcome this seasoned investor to the Rock East Family!

This home was purchased for $125,000 in December. It underwent a renovation of around $115,000 and sold last week for $442,000. Our loan of $215,000 helped this investor bring in a profit of around $170,000 – in less than 4 months!

Welcome to the family!

This New Jersey pro just sold yet another great deal – and we were happy to help make it happen.

Purchased for $460,000 in August, he spent about $110,000 transforming it into a modern suburban oasis. Last month it sold for $800,000! Our loan of $505,000 helped him generate this huge profit.

When you’re a local lender, you never know where you might find your next client. In this case, it was in the neighborhood bagel store!

The owner is also an investor, and we helped him pick up this property for $400,000. After a $60,000 renovation, he sold it for $610,000. Our loan of $300,000 helped him pull in….a lot of “dough.”

Another new client in the “family”, another winning deal.

This property was purchased for just $247,000 in September. After a transformative renovation costing about $125,000, the property sold for a whopping $590,000 earlier this month. A profit of more than $100,000 – our loan of $350,000 helped make it happen.
This investor is already on to the next deal with our help.
Now she’s on to the next one.

We were delighted to welcome this realtor/investor to the Rock East Family, and she started off with a bang.

Purchased for $280,000 it underwent a $60,000 renovation. After the transformation it sold for $465,000 – that’s a nice way to start.

Now she’s on to the next one.

No surprise that we love working with family businesses, and they love working with us. When our current client’s son was looking to fund a project of his own, of course he came to us.

We were able to provide a $2 million construction loan to build a 9-unit residential property. Once completed it will generate about $135,000 of annual profit.

Last year, we provided a $415,000 loan to help this father-daughter duo purchase and renovate this single family home. After a beautiful renovation of about $100,000, which included finishing the basement and attic, the property appraised for $660,000!

They decided that with rent of $5,000 a month they wanted to keep it rather than sell it – and last month we provided a 30-year loan of $430,000 to make that happen.

Now they’re on to the next one, looking to grow their rental portfolio.

It’s been a while since we worked with this investor, but we were happy to welcome him back into the fold – and he came back with a BANG!

This property was purchased for just $100,0000 only four months ago. After a renovation of about $50,000 he sold it this week for $250,000!

Our loan of $110,000 helped make him bring home this nearly six figure profit.

What a transformation!
This home was purchased in July for $182,000. It underwent a renovation of about $65,000 and recently sold for $320,000 – netting this investor a profit on an investment of about $40,000. Now that’s an ROI!

Our loan of $220,000 helped make it possible.

This Hudson Valley investor continues to impress!

This home was purchased in June for 200,000. It underwent about $30,000 of renovations and sold for $399,000.

Our loan of $200,000 helped make this highly profitable deal possible.

We went “round trip” on this one.

We first provided an acquisition/renovation loan when the property was acquired and now that the renovation is completed and tenant occupied, last week we closed on a 30-year DSCR loan.

The borrower wanted to stay low leverage against the value of $280,000 so our loan of $154,000 enabled him to pay off our initial loan and put a few dollars in his pocket. At a rate of just 7.6% it cash flows nicely.

Another happy customer!

The old saying “time is money” – these guys really take it to heart!

This home was purchased in August 2023 for $650,000. They did a gut renovation to the tune of almost $200,000 and closed in mid December – just 4 months later! At a sale price of $1,150,000 (above asking), that’s what you call a big profit in a short timeframe.

Our loan of $660,000 helped make this deal possible, and now they’re kicking off the New Year with another purchase.

At Rock East, our goal is to solve your real estate financing challenge – even if we can’t do it ourselves.

As our clients know, we don’t fund pure commercial properties, but we have a big network and try to make strong referrals. The owner of this strip mall in Orange County, NY wanted to pay off his current mortgage and pull out cash.

Our partner was able to secure a loan of $780,000, netting this client about $400,000 just in time for the holidays.

Always great to see a new client knock it out of the park on their first deal!

Purchased for $295,000, this property underwent a $90,000 renovation. You can see for yourself how great it looks – no wonder it sold for $535,000 last month.

Great return on the deal, which we helped make possible with a loan of $267,000. On to the next one!!

It’s always great when we can help our clients acquire and renovate a property and then also provide long-term financing once it’s rented.

This property was purchased for $140,000 in March with an acquisition and renovation loan of $141,000. Once renovated the property was worth $220,000. Last week we were able to provide a 30-year loan at 70% LTV at a rate of 8%.

Now they have another cash-flowing property in their growing portfolio.

Show us the experience and we’ll show you the money for large-scale renovations.

These seasoned partners purchased this home in an upscale community for $600,000. It will undergo a $400,000 renovation, which includes adding significant square footage. Once completed, it should sell for close to $1.4 million.

Our loan of $780,000 is helping turn this traditional colonial into a dream home.

Purchased in 2022 for $220,000, this Hudson Valley home was transformed into the ideal vacation cottage. It’s now operating as a short-term vacation rental bringing in major cash flow, which enabled the investor to refinance, get his cash out, and payoff our loan of $220,000.

This duo in New Jersey never ceases to amaze with the way they transform their properties.

Purchased for $360,000, this home underwent a complete renovation costing around $250,000. It sold this month for $800,000 – generating another impressive profit. On to the next one!

Another successful BRRR.

This 3-family home was purchased for $185,000. After a complete transformation costing about $100,000 in renovations, it appraised for $350,000. That enable the client to refinance and add it to her growing rental portfolio.

Talk about turning an old, historic home into a modern-day oasis. This savvy investor picked up this gutted property for $250,000. It then underwent a gut renovation costing about $150,000.

It sold last week for $600,000, netting this investor a handsome profit.
Onto the next one.

It’s been an honor to welcome several new clients to the Rock East family lately – like this couple.

With experience in other markets, they decided to jump into their local market with this single family home purchased for $650,000. It will undergo about $180,000 in renovations and should then sell for around $1.2 million. That’s a profit of around $200,000 if all goes according to plan.

Our loan of $670,000 helped make the deal happen.

This new investor was referred to us just two weeks before her closing date. Although she is a first time investor who lives across the country, she was able to present a plan demonstrating her ability to complete the project.

Purchased for $160,000, the home will undergo about $50,000 in renovations and will then be held as a rental property. Our loan of $136,000 helped this new investor start her real estate investing journey.

Another happy member of the Rock Eeast Family.

Active investors need to have cash on hand to buy properties, and DSCR loans are a great option.

This two-family property is worth $850,000 and had NO mortgage on it. That’s a lot of equity to have tied up when you are actively buying more properties. We could have provided this seasoned investor a loan of $595,000, but he decided $500,000 was enough. At a rate of 7.8%, the property still cashflows handsomely.

This is our first deal with this investor, but certainly not the last.

Another successful BRRR! This property was purchased in March for $360,000. It underwent $150,000 in renovations and is now worth more than $700,000. The client refinanced to keep it as a rental, and it’s now fetching almost $3,000/month in rent.

Our loan of $200,000 enabled this investor to add another asset to their growing portfolio.

We’ve been grateful to welcome many, many new clients to the Rock East Family recently, but we’re equally grateful for clients who have been working with us for as long as 20 years. We were pleased to help this long-term client with yet another great deal.

Purchased for $200,000, the construction budget is $400,000. A big undertaking, but well worth it as the ARV is $950,000.

Our loan of $400,000 will help this savvy investor pull in a profit of close to $200,000!

Four closings in one day for one new client – that’s what baseball fans would call a “Grand Slam” of a day.

These partners purchased four condos in one building in New Jersey, each for $177,000. They are fully renovated and valued at $250,000 each but they had to close quickly to get this heavily discounted price. We provided short term bridge financing of $150,000 per unit – a total of $600,000 – to enable them to secure the deal. They are keeping them as rentals so we’ll help them convert to 30-year rental loans.

Another happy customer welcomed into the Rock East Family.

When this Virginia based client wanted to expand to North Carolina, he knew Rock East would be there for him – and we were. This home was purchased for $245,000 and will undergo about $30,000 in renovations. It will only be worth about $315,000 once completed but the key to this deal is it comes with an adjacent lot that can be subdivided and built on!

Because of funds coming from a 1031 exchange, our loan is only $135,000 – but it’s what the client needed to make the deal happened. Wherever they are, we’re there for our clients.

We love it when we can help our clients take a deal “full circle.”

Last year, we helped this trio of seasoned investors purchase this distressed property for $175,000. They invested about $30,000 in sprucing it up and quickly rented out both units.

This month, we provided a 30-year DSCR loan of $178,500 – enabling them to pull just about all of their cash out while retaining a cash flowing asset for their portfolio. Now their cash is freed up for the next one.

It’s always great to see one of our longest running clients pull off another great deal. Purchased in December for $460,000, this single family in the Bronx was cleaned up to the tune of about $70,000. It just sold for $660,000, netting this investor a profit of just under $100,000.

Our loan of $252,000 helped make this deal happen.

The numbers in this deal sound like new construction, but it’s actually a massive renovation of an existing property. Purchased for $900,000, this property will be completely transformed by an experienced builder who is budgeting $900,000 for the renovation. Once it’s completed, this home should sell for almost $3.5 million.

After building in an interest reserve and some contingencies, we were able to provide a loan of $2.2 million. It’s a significant carrying cost, but once it’s completed it should net a profit of more than $500,000!

The competition in New York City can be fierce, but it’s still and unbelievable market to make big bucks on a deal. These season investors purchased this two family home in a historic district for $830,000. Because of historic district requirements, it will cost another $850,000 to properly renovate it according to all requirements. But once completed it will be well worth it – fetching more than $2.5 million!

Our loan of $1.5 million is helping restore this building to its original glory.

This seasoned investor continues to find gems in his New Jersey market. Purchased for $345,000 in October, it underwent about $100,000 in renovations. This week it sold for $650,000, netting a profit of well over $100,000.

Our loan of $410,500 helped make it happen – onto the next one.

We always love welcoming new investors to the Rock East Family – especially when they are referred by another satisfied client.

This new investor purchased this property for $295,000 and will invest about $60,000. Once it’s completed, it should sell for $485,000 – netting a profit of more than $75,000. Our favorite part – two days after closing he was already ready for his first construction draws.

Our loan of $267,000 helped this new investor get started on the fix and flip journey.

Sometimes Rock East feels like Hotel California – you can never leave!

This seasoned investor worked with us more than 20 years ago. We were happy to reconnect at a recent convention and all these years later we were there for him once again.

As an active investor, he wanted to tap into some of his equity. So we provided a 30 year DSCR loan of $150,000 against his single family rental property, giving him some capital he needs to continue building his portfolio.

Yes, we do new construction!🛠️ This experienced investor bought the land for just $35,000 and needed just over $300,000 to build. Once it’s completed, this 2 bed, 2 bath will sell for around $500,000. Our loan of $335,000 will help the investor net a nice profit.

Thanks to the mortgage broker who brought us this deal because he knows we ALWAYS PROTECT.

Hopefully this is a good foreshadowing of the Spring market.🌱. Purchased for $292,000, this single family home required only a clean up totaling around $30,000. It just sold for $440,000, netting a profit of over $50,000.

Our loan of $295,000 helped make the deal happen.

Welcome to the family! This new client, who heard about our unparalleled service from other investors, purchased this home for $280,000. The husband in this duo is a contractor and will invest about $60,000 in renovations. Once completed it will sell for around $440,000 – with some savings because the wife is a realtor.

Ever hear of loan to own, where a lender is hoping the borrower defaults so they can take the property? Here’s the opposite.

Our borrower was struggling to complete a large project, so we stepped in to help. Another client took over the project, purchasing the property for $1 million. It will take him about another $950,000 to complete it and then this nearly 4,000 sq. ft. home should sell for about $3.5 million.

Our loan of $1.7 million helped one client out of a jam, and set another on the path to a big pay day. That’s the “family” difference.

We love welcoming new clients to the “family”, especially when they are right in our own backyard. This client was referred by his lawyer because he needed to close quick – within 5 days – and he knew we would get it done.

Purchased for $365,000, it will undergo about $35,000 in renovations and will then go back on the market for around $540,000.

Our loan of $328,500 will help this seasoned investor net around $100,000!

It’s a new year, but for this savvy investor it’s the same old story – another home run.

This single family home was purchased for $402,000 in July. It required less than $50,000 in renovations to get it into pristine condition and sold last week for $633,000. That’s a profit of about $100,000.

Not a bad way to kick off the New Year.

What a great way to start the New Year – helping a client finish up a deal we started with him last year!

When he purchased this property for $252,000, we provided a loan of $227,500 which included acquisition funding and renovation funding. With renovations completed and the three units fully rented, this week we closed on a rate-and-term 30-year fixed rate loan.

Now he’s set to maximize the cashflow!

We love “full cycle” deals like this one, when we can help our clients achieve their real estate goals by using a variety of the tools in our toolbox.

We helped this client purchase and renovate this property with an “acquisition/renovation” loan of $175,000 earlier this year. After a beautiful renovation of around $125,000, we refinanced it into a 30 year, no-doc cash-flow rental loan at a rate of 7.95%.

The loan of $227,500 enabled the borrowers to get all of their cash out of the property and move on to the next one.

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