The Borrower’s family members formally owned the property in Van Nuys, California and were forced to short sale the property several years earlier to an acquaintance under a profit arrangement. The time was running out on the option to re-purchase the property and get the property back “Into the Family”. It was agreed that the best option would be for the Borrower’s Brother to purchase the property as a Non-Owner-occupied investment rental property. It was arranged to “Credit” the Borrower the current equity in the property so no additional funds were required to be brought into escrow. Even the closing costs were covered by the new loan. The total time from loan application to funding was just over ‘20” days. Since our company also provides Institutional financing, the plan going forward is to refinance the Borrower into a much better loan prior to the maturity of the just funded loan.