Rancho Cucamonga, CA

$345,000

Single Family Residence

Purchase

08/27/2021
Transaction by
S&L Capital Group
S&L Capital provided a $345,000, 12 month bridge loan in order for its client to secure a flip in Rancho Cucamonga, CA. Entry was difficult for the subject property so scheduling an appraisal was next to impossible. The company was able to gain access for a quick walkthrough of the property and brought this file to docs with only an internal valuation and waived the Appraisal for the client. This acquisition was sourced off market through a wholesaler within the borrower's network. The borrower was a licensed CA DRE Broker. 72.63% LTP, no fund control. As a Company, we have witnessed that agents and brokers are taking down more deals themselves. For this deal, we stressed ease in our process and were able to get him to the funding table ahead of schedule.