A frequent real estate investor from Orange County acquired this fixer upper in Santa Ana using 67% LTV hard money fix and flip financing. The transaction was very simple to close since the borrower had extensive real estate experience and was buying the property slightly below market value, leaving plenty of room for gain on sale after renovations were completed. In addition to the discounted price, the buyer was coming in with a 33% down payment, which left plenty of protective equity for the Los Angeles-based hard money lender that issued the loan.
67% LTV Hard Money Fix and Flip Financing Terms:
- $269,000 Loan Amount (67% Loan-To-Value (LTV))
- 10.00% Interest-Only
- 12-Month Term
- No Prepayment Penalty