The Borrower had requested that our company provide purchase financing a year earlier when he purchased the subject property for a great deal at a short sale intending to do a complete rehab of the property. Following the purchase of the property a family emergency required the Borrower to have to travel to Mexico for a number of months, which caused the project to be put on hold. When the Borrower returned it was determined that additional funds would be needed to complete the total rehab of the subject property. Since the Investor needed the funds back at loan maturity for another commitment, the decision was made to refinance the current 1st Trust Deed with a larger loan that would provide the Borrower the necessary funds to complete the project, The total time from loan application to funding was just over ‘15” days. The timing of the loan and the funds provided from the loan allowed the Borrower to not have any additional delays with the project.