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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
01/17/2020
Property Type
Single Family Residence
Property City
Sacramento
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Borrower Credit Rating
Excellent
Deal Summary
Arch Loans, a private lender, funded a $312,000 1st lien position fix and flip hard money loan for a single-family residence in Sacramento, CA. Our private money loan enabled the purchase of a fixer-upper in the Sacramento area. The Borrower was a productive house flipper. We met this Borrower at an REI event and have since funded 3 of his deals in the past 6 months. This property will be rehabbed and back on the market within a month for considerable margins. This SFR fix and flip hard money loan was funded in January 2020.
Funded By
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip