Private Money Loan for SFR Fix & Flip in Pleasant Hill, California

Funded by Arch Loans

$550,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

09/10/2019

Property Type
Single Family Residence
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 Highlights

Funding took place in a matter of a few business days.
Our rehab credit line offers up to 120% financing.
We funded 100% of the purchase and 100% of the rehab costs.

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.

Funded By

Arch Loans

Low and High Leverage Options, up to 90% of purchase price for fix & flip