An experienced real estate investor obtains 80% loan-to-value (LTV) Pico Rivera Hard Money Fix and Flip Financing Loan from First Capital Trust Deeds.
For experienced house flippers with a great track record, taking out a high-leverage hard money fix and flip financing loan can be a pretty good way to take on multiple projects at once. Which in theory leads to greater profits over the course of the year.
The theory held true for this property in Pico Rivera. The real estate investor bought the house right, which means that at the time of purchase there was already significant built-in equity from purchase price to as-is value. After the standard renovations of kitchen, bathroom, carpeting, paint, flooring, landscaping, etc, the house would be back on the market. The house should then sell quickly for a big gain for our client, as there should be a bidding war from the prospective buyers in the Southern California seller’s market.
Pico Rivera Hard Money Fix and Flip Financing Terms:
- $210,000 Loan Amount (80% LTV)
- 11.00% Interest-Only
- $1,925/Month Payment
- 12-Month Term
- No Prepayment Penalty