A Timely Closing Assist

In the Park City, Utah area, a prospective borrower was selling a home used for nightly rental. At the same time, he had placed another nearby property under contract to purchase. His original property sale did not close before he would lose his earnest money on the new property. In a potentially costly situation,  they reached out to Actium knowing our solutions-oriented approach to bridge lending. Using both properties as collateral, Actium was able to fund a loan quickly that enabled him to close on the new purchase and finish the other home transaction.

Business Capital, Thanks to Actium
The owner of a retail building needed capital to expand his business and broaden the potential for long-term profits. Actium creatively structured a loan paying off his existing debt and providing him with the capital he needed to grow. Actium’s due diligence didn’t take much time and was thorough enough that the borrower didn’t need to submit multiple tax returns  or detailed borrower financial information as most lending require. Time was of the essence and Actium’s made quick closing made all the difference.

Land = Cash
A borrower owned property without debt in Summit County, Utah, a desirable and scenic area near ski resorts and other recreational opportunities. Needing cash, they turned to Actium to provide liquidity without losing their coveted property. Actium, who can tailor loans to each qualified borrower’s situation, made a loan without a prepayment penalty. This opened a pathway so they could retire the debt as soon as they no longer needed the capital and kept them out of a longer-term borrowing situation.