First Capital Trust Deeds completed the 75% Loan-To-Value (LTV) hard money acquisition financing for this great little bungalow in Venice Beach. The buyers, along with trust deed investment fund that financed the acquisition, recognized the present value along with the future potential value of this home based upon the zoning and the portfolio of successful projects the investor had previously completed.
Two things stood out to me about this property. Number one, it had beautiful original woodwork in the living room and dining room. Number two, this house was only a few blocks from where the location of potentially the greatest infomercial moment in history happened.
Fix and Flip Financing Terms:
- $1,350,000 Loan Amount (75% LTV)
- 12-Month Term
- No Prepayment Penalty