Looking for a Hard Money Loan for Acquisition and Construction

[Eduardo Aguilar]

Hi All- just got the acceptance on our offer for a great flip in Sacramento. This is a 4bed, 2.5 bath, 1800+ sq ft home with a pool. The entire home needs to be rehabbed. The pool is murky and so we're unable to assess the condition but are budgeting to do a surface refinish and replacement of equipment. Here are the numbers: 

Purchase Price: $365,000
Rehab: $100,000
ARV: $570K-$590K
Closing Date: 12/22/23

Ideally we're looking for a HML at 80-90% purchase price plus 100% rehab or 75% ARV. We also work with a small network of local Private Money Lenders for whom we gaurantee a 10% return in 6-months. We limit this to a max of 3 total lenders per project though typically are able to keep it to two. We provide a notarized promissory note and deed of trust to the property that can be registered with the county to secure their investment. Through this partnerships we have currently have $1.5M deployed and had planned on liquidating before any new acquisitions but could not pass this deal up.

My partner and I are experienced real estate and construction professionals. In the past 6 months we have completed 4 flips, have one flipped listing in contract, and have three other projects under construction. I'm a licensed fulltime Realtor (DRE #02077866) with over 80 transactions closed in the last 4 years. My partner is a licensed contractor and has been managing construction projects for the past four years. He was a preferred contractor for Invitation Homes for which he was flipping 4-7 homes a month at its peak in 2020 and 2021. Please reach out if you're a Hard Money Lender or interested in being a private money lender for us. Feel free to DM me with any questions. 

[Jacob Sherman]

Hey Eduardo ! My name is Jacob with Lendbright and we are a direct national lender specializing in bridge, fix and flip, ground up construction and DSCR . We are no income no doc and do welcome first time investors . Would love to assist you in the purchase of the above property . Lets schedule a call . I can be reached at 267-516-0896 [email protected]