Private Money Loan for SFR Fix & Flip in Roy, Washington

Funded by Arch Loans

$136,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

09/19/2019

Property Type
Single Family Residence
Property City

Roy

Property State

WA

Lien Type

1st Mortgage

Payment Type

Interest Only

Exit Strategy

Sale

Deal Highlights

NO pre-payment penalties.

Deal Summary

ARCH Loans, a private lender, funded a $136,000 1st lien position hard money loan for the purchase of a single-family residence in Roy, WA. This property has a multi-acre lot and needed serious maintenance. After fixing the property, the single-family home will be sold for around double the purchase price. This was the third acquisition financed by ARCH Loans for this Borrower. Thanks to the flexibility of ARCH’s terms and no pre-payment penalties, the borrower is allowed more freedom to work towards ARCH Gold Status rates. This SFR private money loan was funded in September 2019

Funded By

Arch Loans

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