What slow December??
We all hear that the final month of the year is slow for real estate transactions. However, from our perspective home purchases stayed strong in DFW through the end of 2017.
For the month, Avondale Private Lending funded 15 new loans for a total of $2.5 million, our busiest month of the year. For the year, we funded 82 loans that totaled over $15 million.
We are very thankful for each of you that have chosen us as a lender in 2017. Our hope is that our loan program has been hassle-free and highly profitable for your business.
Looking ahead to 2018, we have expanded our offering to include new construction loans in addition to fix and flip and transactional loans.
Thank you again and Happy New Year!
Avondale Private Lending is a private investment fund established in 2016 by Avondale Investment Management. The company is currently funded with $6.2 million of long-term commitments from individuals in the Dallas-Fort Worth area, allowing Avondale to quickly fund loans at favorable rates and terms.