We had to do a double take after looking at the before and after photos to make sure we were looking at the same property in San Pedro that FCTD arranged Los Angeles hard money fix and flip financing for a few months ago. The home had been completely renovated to the point where it was 100% move-in ready for a new buyer using FHA, Fannie Mae, or Freddie Mac financing.
It’s nice to go back and see the outstanding work that our clients do on these homes. Usually, we see photos of the home prior to acquisition where the home is in a state of disarray with several years of deferred maintenance stacking up. Homeowners in and out of foreclosure (the sellers) usually don’t have the financial means or desire to maintain the property or make any necessary renovations. And that’s where our repeat house flipping clients come in and improve the property to the point where they’re almost guaranteeing that the finished product will attract a healthy bidding war from buyers who want to move in to a nearly “like new” home.
The house turned out to spectacularly and the fix and flip financing turned out to be pretty good too!
Los Angeles Hard Money Fix and Flip Financing Terms:
- $225,600 Loan Amount
- 12-Month Term
- No Prepayment Penalty