San Leandro, CA
Single Family Residence
$505,000 Hard money loan for the purchase of a failed rehab project. The property is located in San Leandro within the San Francisco bay area. The single family property has been gutted, but the initial flip came to a standstill. The acquisition price was $505,000 and the buyer will invest 100k to finish the project and resell for $700k. This is the 16th loan that this borrower has funded with Arch made possible in part by his existing line of credit.