Independent Lending funded a $264,000 private money 1st mortgage in San Jose, California. This investment property rehab project is a detached single family home with an ARV appraisal of $1,400,000. The borrower agreed to a fund control as the the project was completed in stages. The borrower needed the funds to complete the rehab. This loan funded in approximately 2 weeks. Due to the equity position, credit scores and income were not considered regarding the approval.