Financing A DC Condo Conversion

[Debbie Fales]

Our clients came across a 1920s row home in Northeast DC and saw nothing but potential. They imagined a space versatile enough to house two families comfortably in a neighborhood known for its walkability and historic charm. Located in NOMA, this property presented a unique opportunity to create modern living spaces in a highly sought-after area.

The investors approached us with a plan for two beautifully appointed three-bedroom, three-and-a-half bath units. We ran the numbers and hopped on board, providing short-term fix-and-flip funding at an 85% LTV. Armed with a $550K repair budget, our clients took the property down to the studs and painstakingly rebuilt it, piece by piece.

The Results: Two Modern Duplexes

By creating two boutique condo units within this historic property, the investing team maximized every inch of space. The units feature high-end finishes and an airy, functional layout that lets the light shine in. Boasting custom cabinetry, private balconies, and a beautiful quartz island that is the heart of the home, this project has it all.

Located just blocks from the metro, Union Market, and H Street, new residents will enjoy NoMa's vibrant blend of dining, culture, and community right outside the door. More than just a home, this is a curated lifestyle in the heart of DC!

Available Investment Opportunity

One condo is currently on the market, with the other one to follow shortly. Purchase one and move right in or buy both and rent one out to create a passive income stream. It’s the best of both worlds since this strategy offers:

• Immediate rental income potential in a high-demand market
• Long-term appreciation prospects in a rapidly appreciating neighborhood
• Turn-key condition requiring no additional investment

Run Your Next Project By Us…

We’ve been doing this for a while now. Given our combined experience, we know how to analyze potential projects and craft flexible funding that delivers exceptional returns for our investor partners. We’ll let you know if the numbers make sense.