Boise, ID — Hopkins Financial Services has successfully closed a $2,000,000 private money loan in only 14 days for a seasoned real estate developer with strong credit and high net worth. This deal involved a rural mountain acreage subdivision with 19 remaining bare land lots for sale — and a time-sensitive business opportunity that couldn’t wait for a conventional bank loan.
The Borrower’s Challenge
The borrower and his business partner had already developed and sold 12 lots in a rural mountain subdivision, with 19 more on the market. When the borrower’s partner faced an urgent cash need, he offered to sell his ownership stake at a reduced price — but only if the buyout could close quickly.
Although the borrower is strong and typically works with his bank for conventional real estate financing, the lengthy underwriting process would have meant missing the opportunity — and leaving his partner without the liquidity he needed.
Why Hopkins Financial Was the Right Choice
Hopkins Financial specializes in fast, asset-based lending for non-conforming property types and time-sensitive transactions.
Because this was not an owner-occupied residential home mortgage, and the borrower was well-prepared with financial documentation, we were able to:
- Secure a 50% Loan-to-Value (LTV) based on a supported valuation from 12 recent lot sales.
- Leverage the borrower’s strong financial profile for quick approval.
- Move from application to funding in just 14 days — even with bare land lots as collateral.
The Results
Hopkins Financial delivered a $2 million loan in just two weeks, allowing the borrower to:
- Complete the partnership buyout at a favorable price.
- Provide immediate liquidity to his partner.
- Retain full control over the subdivision’s future lot sales.
Key Loan Details
- Loan Amount: $2,000,000
- Collateral: 19 bare land lots in a rural mountain subdivision
- Borrower Profile: Strong credit, high net worth, organized documentation
- LTV: 50% based on recent comparable sales
- Time to Close: 14 days
- Use of Funds: Business partner buyout
At Hopkins Financial, we know that real estate opportunities don’t wait. Whether it’s a bare land loan, subdivision financing, or a fast-closing partnership buyout, our private lending solutions help qualified borrowers move quickly — without the red tape of traditional banks.
If you need speed, flexibility, and real results, Hopkins Financial is ready to help.
