House Flipper Makes A Big Splash In Covina Acquiring Fixer Upper With Hard Money Loan

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House Flipper Makes A Big Splash In Covina Acquiring Fixer Upper With Hard Money Loan

A Los Angeles real estate investor acquired and renovated this home in Covina using a hard money loan from Peer-To-Peer Trust Deeds.

Challenge:  Not much of a challenge here.  A repeat borrower who juggles several projects at a time only wanted to commit 20% down payment (including closing costs) to the acquisition of this fixer upper in Covina, which they estimated could be acquired, renovated, and resold within 3-4 months. 

Solution:  82% Loan-To-Value (LTV) on the purchase worked for P2PTD and it worked for the trust deed investor funding the loan.    

The buyer estimated correctly that it would only take 3-4 months to resell.  In fact, the house resold in eight days short of the three month anniversary.  That’s a great way to use a high-leverage hard money loan to fix and flip a property, improving the cash-on-cash return on investment.

 Fix and Flip Hard Money Loan Terms:

  • $300,000     Loan Amount (82% LTV)
  • 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.