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
Loan Rate: 10.99%
Loan Type: Fixed Rate – Fix & Flip
Term: “12” Months Interest Only
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. Cherry Valley, California.
Our borrower buys, Fixes and Flips properties……. but at times retains some of the properties he purchases as rentals. Our client is 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 the client will be making to the property will further increase the Subject Property’s value and thus lower the LTV for the loan in Cherry Valley, California.
While many Fix & Flip investors operate on a shoestring, our client is well capitalized and is very conservative and has a very focused business plan. He consistently makes a very good profit on every transaction he has been involved with over the last “6” years. Cherry Valley, California
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.