Hard Money Acquistion And Rehab Financing In San Francisco

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Hard Money Acquistion And Rehab Financing In San Francisco

A San Francisco investor purchased a fixer upper using “80/80” hard money acquisition and rehab financing from First Capital Trust Deeds.

Our experienced Bay Area borrower client used the “80/80” hard money acquisition and rehab financing to purchase this great fixer upper in the city. The “80/80” means that the hard money lender loaned 80% loan-to-value (LTV) on the purchase price and 80% of the total renovation costs, which will be held in an escrow account to be released in stages as the work is completed.

Since our investor client had such an extensive track record with similar projects and had purchased this property well below as-is value, the trust deed investor (hard money lender) was able to quickly issue loan docs upon receiving the construction budget from the borrower.  The next part is navigating the lengthy City of San Francisco permitting process.

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