Fix & Flip Loan for Los Angeles Luxury Home

Funded by Center Street Lending

Los Angeles, CA

$3,900,000

Single Family Residence

Residential Fix and Flip

11/15/2021
Transaction by
Center Street Lending
Center Street Lending, a direct private lending firm funded a $3.9MM fix and flip loan for a highly experienced investor in Los Angeles, California. The purchase price was $4.95MM so our 1st mortgage was a 66% loan-to-value and the loan term is 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 sq.ft property. This residential fix and flip loan was funded in November 2021.