At this point in the housing cycle, where inventories are still a little tighter than normal, we get to see quite a few cosmetic fixer uppers that investors are buying to fix and flip.
That was the case with this 79% LTV private money fix and flip loan for a Bay Area home that appeared to have some of the original vintage touches still intact, including dark wood paneling in the family room.
The end user buyer of this house, after our borrower/buyer renovates the home, will very likely be happy to pay upwards of $850,000 for a house with updated finishes, energy efficient appliances, along with the look and feel of a newly remodeled house.
79% LTV Private Money Loan Terms:
- $530,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty