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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
10/18/2019
Property Type
Single Family Residence
Property City
Las Vegas
Property State
NV
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Arch Bridge Loans, a private lender, funded a $137,000 1st lien position hard money loan for the purchase of a single-family residence in Las Vegas, NV. This property is located on a corner lot and needs a complete gut. After fixing the property, the single-family home will be sold for around 150% of the purchase price. Arch has funded multiple acquisitions for this Borrower. This SFR private money loan was funded in October 2019.
Funded By
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip