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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
12/04/2019
Property Type
Single Family Residence
Property City
San Diego
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Purchase Price
100%
Deal Summary
Arch loans, a private lender, funded a $320,000 1st lien position loan for the purchase of a single-family residence in San Diego, CA. This property is in need of a complete gut and remodel. While this investor had done multiple flips in the past, this was the first loan they completed with ARCH loans. While their previous lender couldn’t come in with all of the dollars requested, ARCH was able to fund 100% of the purchase price.
Funded By
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip