Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
09/10/2019
Property Type
Property City
Pleasant Hill
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$550,000
Loan-to-Purchase Price
100%
Renovation Budget
$50,000
Renovation Budget Funded
100%
After-Repair Value
$675,000
Deal Summary
ARCH Loans, a private lender, funded a $550,000 1st lien position private money loan for the purchase and rehab of a single-family residence in Pleasant Hill, Contra Costa County, CA. The acquisition price was $550,000 and the rehab costs are estimated to be around $50,000. The after-repair value of this property was estimated at $675,000. This funding took place in a matter of a few business days. The Borrower is a long-time client of ours and has a line of credit that we only offer to very experienced real estate investors. Our rehab credit line offers up to 120% financing. So in this case, we funded 100% of the purchase and 100% of the rehab costs. This SFR fix & flip loan was funded in September 2019.