First Capital Trust Deeds secured the 80% LTV purchase 100% LTV construction bay area private money loan for an experienced real estate investor embarking on a major renovation to this Oakland Hills home.
Since the buyer had a successful track record buying and selling homes, the Southern California based private money investment fund was able to extend credit up to 80% of the purchase price. Plus they were also able to finance 100% of the renovation expenses. Not all borrowers can qualify for such a high-leverage fix and flip financing loan, but for those with experience and a great property where the estimated after repair value (ARV) will likely lead to a resale price of $2,000,000, then the 80/100 leverage is possible.
80% LTV Purchase 100% LTV Construction Bay Area Private Money Loan Terms:
- $1,309,000 Total Loan Amount
- 12-Month Term
- No Prepayment Penalty