93 LTV Hard Money Fix And Flip Financing In Moorpark

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93 LTV Hard Money Fix And Flip Financing In Moorpark

An experienced Southern California real estate investor obtained a 93 LTV Hard Money Fix and Flip Financing loan on a deeply discounted townhouse in Moorpark. 

QUESTION:  How did this buyer obtain a 93% LTV hard money fix and flip financing loan on this purchase?

ANSWER:  After Repair Value (ARV) and AS-IS Value.

After Repair Value is the potential resale value of the home after it has been fully renovated.  In this case, the resale value of the property comped out close to $350,000 while the buyers were paying $240,000, which was well below the $300,000 AS-IS Value.  Since there was so much built-in equity already in the deal with very little renovation work (<$5,000) needed to put it back on the market, the trust deed investor (lender) was comfortable going with a 93% LTV purchase money loan.  Plus, the borrowers had a successful track record of buying and selling homes in Los Angeles County.  Overall, the loan at 93% LTV made sense for all parties involved.  

93 LTV Hard Money Fix and Flip Financing Terms

  • $240,000       Purchase Price / $300,000 AS-IS Value 
  • $350,000       After Repaired Value – ARV (estimated)
  • $223,000       Loan Amount (93% LTV purchase / 63% LTV of ARV)
  • 11.00%         Interest-Only
  • 12-Month Term
  • No Prepayment Penalty 


For fix and flip financing scenarios in California, Oregon, or Washington, please contact Brett Everett or Ted Spradlin.

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.