Deal Details
Private Loan Type
Purchase
Approx. Funding Date
12/09/2019
Property Type
Single Family Residence
Property City
Sparks
Property State
NV
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Purchase Price
100%
Deal Summary
Arch loans, a private lender, funded a $238,517 1st lien position loan for the acquisition of a single-family residence in Sparks, NV. This Borrower came to Arch looking for the ability to fund more deals in more states. ARCH was able to provide 100% financing for this Nevada fix and flip project. This SFR fix and flip loan was funded in December 2019.