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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
01/14/2020
Property Type
Single Family Residence
Property City
Los Angeles
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Sale
Borrower Credit Rating
Excellent
Deal Summary
Arch Loans, a private lender, funded a $293,818 1st lien position fix and flip hard money loan for the acquisition of a single-family residence in Los Angeles, CA. This property was in need of serious rehabilitation. After fixing the property, the single-family home will be sold for around 150% of the purchase price. This was the 8th acquisition financed by Arch Loans for this Borrower. This Borrower is a member/owner of a HomeVestors franchise. 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