Bonnie Bell, California Funded Fix & Flip Loan
Property Type: Single Family Residence
Lien Position: 1st Trust Deed
Loan Amount: $88,600.00
Appraised Value: $140,000.00
Loan Rate: 10.99%
Loan Type: Investment Purpose
Occupancy: Non-Owner Occupancy
Term: “12” Months Interest Only
Bonnie Bell, California – The Subject Property was being purchased by our Borrower for $126,800.00. The appraised value of the property at the time of purchase was $140,000.00, so our Borrower was purchasing the property under the then current market value. Our Borrower was looking to put in a down payment in the amount of $38,040.00, and our Borrower further had the necessary funds to finish any required repairs and improvements to the Subject Property in Bonnie Bell, California.
Our borrower buys, Fixes and Flips properties……. but at times retains some of the properties he purchases as rentals. Our client was looking to obtain a loan that will provide him more than enough cash to completely renovate and upgrade the Subject Property.
The property improvements and upgrades that our Borrower intended to make to the Subject Property would further increase its value and thus lower the LTV of the proposed loan. Bonnie Bell, California.
Since our Borrower had obtained many prior loans from our company’s Investors, with all transactions working out well for all parties, we had no difficulty in arranging and funding the requested $88,600.00 1st Trust Deed Fix & Flip Loan at 10.99 for our Borrower. Bonnie Bell, California.
$88,600.00 1st Fix & Flip Loan at 10.99% in Bonnie Bell, California. Our Borrower closed escrow, made all repairs and sold for a good profit.