Pleasant Hill, CA
Single Family Residence
Residential Fix and Flip09/10/2019
ARCH Bridge Loans provided a 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 on this property is 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 which 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. We funded this fix & flip loan in September 2019.