Updated about 9 years ago on . Most recent reply
Hard Money Funding Sacramento California: 100% Rehab to 65% ARV
September Recent Funding: Sacramento, California
Loan Amount:
$375,000*
Purchase Price:
$430,000
Final Sale Price:
$770,000
Project Details:
This Sacramento, CA Fix and Flip was purchased for $430,000. We funded a loan of $375,000 which included 100% of the repair costs that were held escrow fund control account. Our Borrower remodeled and resold the property for $770,000
Location: Sacramento, CA
FIX-N-FLIP OR REHAB LOANS
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 2.0 – 3.5 points on most 6-18 month loans
- From 9.99% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
Contact Antonio Gonzales for a quote within 24 hours!
P: (619) 889-8579
*Note: Total Loan included Rehab portion of loan held in Fund Control and released on draw schedule after work/improvements completed.
Copyright © [2016] Lantzman Lending
11696 Sorrento Valley Rd., Ste #201,
San Diego, CA 92121
CalBRE #01522724 / NMLS #296471