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Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
02/11/2021
Property Type
Property City
Vista
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Over the years, we have witnessed a continued trend that Licensed Agents, Brokers, and General Contractors have been taking down more deals. We could not be more thrilled to see this trend as they are the backbone of any successful flip.
This funding was to one of the strongest teams we could ask for.
Borrower 1: Licensed Real Estate Broker
Borrower 2: Licensed General Contractor
Having synergies in their operation is an understatement as both Borrowers stick to what they are good at. Sourcing and selling homes vs. completing the rehab as quickly and economically as possible. All while keeping most commissions and profits in-house.
S&L Capital Group provided a 12-month fix and flip loan with no rehab holdback for this Vista, CA flip. Understanding their strengths, they did not want to deal with a fund control and requested we don’t finance any of the rehab. From acquisition to final sell, this flip took 2.5 months. This SFR fix and flip loan was funded in February 2021.
Funded By
S&L Capital Group
Brea, CA