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Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
11/15/2021
Property Type
Single Family Residence
Property City
Los Angeles
Property State
CA
Loan Term (months)
15
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$4,950,000
Loan-to-Purchase Price
66%
Borrower's Contribution to Purchase
34%
Source of Borrower's Contribution
Cash
Renovation Project Scope
Heavy Rehab
Building Square Footage
39,000
Borrower Credit Rating
Excellent
Deal Summary
Center Street Lending, a direct private lending firm, funded a $3,900,000 fix and flip loan for a highly experienced investor in Los Angeles, California. The purchase price was $4,950,000 so our 1st mortgage was a 66% loan-to-value. The loan term was set at 15 months. The property is a single-family residence and was built in 1951. The investor plans to do heavy rehab on the 39,000-square-foot property. This SFR fix and flip loan was funded in November 2021.
Funded By
Center Street Lending
Smarter Loans for Residential Property Investors