Cherry Valley, California Funded Fix & Flip Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $95,000.00

Appraised Value: $165,000.00

LTV: 57%

Loan Rate: 10.99%

Loan Type: Fixed Rate – Fix & Flip

Occupancy: Vacant

Term: “12” Months Interest Only

Before

Single Story Before White House located in Cherry Valley, California where our company arranged a 1st for $95,000.00 Private Trust Deed

After

Single Story White House located in Cherry Valley, California where our company arranged a 1st for $95,000.00 Private Trust Deed

Cherry Valley, California Our Borrower was purchasing the Subject Property in Cherry Valley, California for $125,000.00 where at the time of purchase, the Appraised Value was $165,000.00, so he was buying way under the current market value.  Our Borrower was putting in a down payment of $30,000.00 in addition to funds to cover all closing costs.  Additionally he had the necessary funds to make all required repairs and improvements to the Subject Property.  Our Borrower had extensive experience in fixing and repairing properties.  He was very well capitalized with a conservative business model, unlike many other  Fix & Flip investors who often operate on a shoestring.

He consistently made profits on every transaction he has been involved with over the prior “4” years.

We were able to arrange a new $95,000.00 1st Trust Deed Fix & Flip Loan at 10.99% with a “12” month term

The plan to payback the $95,000.00 loan was to sell the Subject Property in Cherry Valley, California following the completion of all repairs and improvements.