Los Angeles – Fix and Flip

Funded by S&L Capital Group

Los Angeles, CA

$1,000,000

2-4 Units Residential

Residential Fix and Flip

01/31/2022
Transaction by
S&L Capital Group
S&L Capital Group recently closed a loan for a repeat client in Los Angeles, CA. The property, as it should, needs a lot of work, but has a lot of positive attributes. A great selling point for our clients on the disposition will be there are 2 units on this property. The 2nd unit has a separate entrance from the back-side of the property and the seller already evicted the tenant prior to closing. We put together a $1,000,000 fix and flip loan at 76.80% LTC. A continued hurdle in the value add space is obtaining the appropriate Title Insurance when there is a fund control in place. Our team's direct track record with the closing Title Company allowed us to navigate the closing without any delays due to coverage requirements.