Private Money Loan for SFR Fix and Flip in Orange County, California

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

06/14/2019

Property Type

Single Family Residence

Property City

Villa Park

Property State

Loan Term (months)

Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Highlights

Repeat Borrower perks: Access to a Line of Credit at a lower rate and no draw fees.

ARCH’s Line of Credit used- funds for renovation can be drawn at no cost.

Deal Summary

ARCH Loans, a private lender, funded a $910,000 1st lien position fix and flip loan for a single-family home in Villa Park, Orange County, CA. The perks of being a repeat Borrower of ARCH Bridge Loans allow for flippers to scale up their renovation projects with access to a Line of Credit at a lower rate and no draw fees. In early 2019, one of ARCH’s loyal Borrowers picked up a great deal in Villa Park, CA. Utilizing ARCH’s LOC, funds for renovation can be drawn at no cost. This mini-mansion was picked up at a discount and the ARCH loyalty program enabled the Borrower a flexible 12-month term using the line of credit for money down. This SFR private money loan was funded in June 2019.