Coachella, California Funded Fix & Flip Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $65,940.00

Appraised Value: $115,000.00

LTV: 57%

Loan Rate: 10.99%

Loan Type: Fixed Rate – Interest Only

Occupancy: Vacant

Term: “12” Months Interest Only

Before

Single Story House located in Coachella, California under construction

Our Borrower had just paid $109,900.00 CASH for the Subject Property located in Coachella, California.  Our Borrower was looking to obtain a loan for $65,940.00 that would provide him more than enough cash to completely renovate and upgrade the Subject Property.

The LTV for the loan was 57% relative to the Subject Property’s Purchase Price. Our Borrower intended to invest approximately $30,000.00 in improvements and upgrades, and further was looking to sell the Subject Property following the completion of all repairs.

The property improvements and upgrades that our Borrower would be making to the property will further increase the Subject Property’s value and thus lower the LTV of the proposed loan.

Due our Borrower’s long track record with our company’s Investors, we had no problem arranging a new $65,940.00 1st Trust Deed Fix & Flip Loan at 10.99 with a “12” month term.