CIMB Mortgage

CIBM Bank is a wholly owned subsidiary of CIB Marine Bancshares, Inc. At our full-service banking offices you’ll find a full array of Personal and Business banking services and products to help you create the life you want and to help your business continue to be successful. We work hard to be your partner and […]

Fix & Flip Loan for SFR

Minnow Loan, a hard money lender based in Missouri, funded a $226,000 1st lien position fix and flip loan for a single-family home in Maryland Heights, MO. We funded 95% of the $182,000 purchase price, while the Borrower contributed 5% cash at closing. The renovation budget was $54,000 which we fully funded. The after-repair value […]

Fix & Flip Loan for SFR

Minnow Loan, a local Missouri direct private lender, funded a $170,539 1st lien position fix and “hold” loan secured by 3 single-family properties all located in Jefferson City, MO.  The property values, combined were estimated at $360,000 so our actual loan-to-value was 47%.  The borrower is an experienced real estate investor who was able to […]